Consolidated Industries is considering a 4-year project. The project is expected to generate operating cash flows of $6 million, $8, million, $18 million, and $20 million over the four years, respectively. It will require initial capital expenditures of $24 million dollars and an intitial investment in NWC of $7 million. The firm expects to generate a $4 million after tax salvage value from the sale of equipment when the project ends, and it expects to recover 100% of its nwc investments. Assuming the firm requires a return of 16% for projects of this risk level, what is the project's NPV? $8,945,991 $9,121,402 $9,209,108 $8,770,579 $9,384,520