Czlapinski Corporation is considering a capital budgeting project that would require an initial investment of $450,000 and working capital of $35,000. The working capital would be released for use elsewhere at the end of the project in 4 years. The investment would generate annual cash inflows of $150,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $12,500. The company's discount rate is 7%. The net present value of the project is closest to: 1 Multiple Choice 0 $56,282 0 $59,000 0 $59,293 0 $58,698