Cromwell Industries is considering a new project which will have costs, revenues, etc. as shown by the data above. If the cost of capital is 7.9%, what is the net present value (NPV) of this project?

A) -382,460

B) 467,452

C) -403,708

D) 424,956

Year 1 900000 300000 600000 110000 190000 Year 2 900000 -300000 600000 110000 190000 Year 3 900000 300000 600000 110000 190000 300000 105000 195000 ear 0 Revenue Cost of Goods Sold Gross Profit Selling, General and Admin Depreciation EBIT Income tax (35%) Incremental Earnings 105000 105000 195000 195000 Capital Purchaes Change to NWC -600,000 12,000 12,000 -12,000