Buena Vista Industries is considering investing in a new project that will last for three years. The project requires capital expenditures of $75,000 that will be depreciated over three years. In addition, working capital will need to increase by $5,000 in the first year and maintain that level until the end of the project's life, at which point working capital will drop by $5,000. Buena Vista plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental earnings projections: Year Sales (Revenues) Cost of Goods Sold (50% of sales) Depreciation = EBIT Taxes (35%) Incremental Earnings 1 150,000 (75,000) (25,000) 50,000 (17,500) 32,500 2 150,000 (75,000)| (25,000) 50,000 (17,500) 32,500 150,000 (75,000) (25,000) 50,000 (17,500) 32,500 5,000 0 Working Capital 5,000 Based on this analysis, the NPV of Buena Vista's new project is closest closest to which of the following? a $97,500 b. 564,010 $63,105 d. $3,060 $62,200