Dobrinski Corporation has provided the following informstion concerning a capital budgeting project.

The net present value of the project is closest

Dobrinski Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate Tax rate Expected life of the project Investment required in equipment Salvage value of equipment Working capital requirement Annual sales Annual cash operating expenses One-time renovation expense in year 3 140 304 4 $ 264,000 $ 0 $ 36,000 $ 690,000 $ 516,000 $ 69,000 The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company tokes income taxes into account in its capital budgeting: Click here to view Exhibit 138-1 to determine the appropriate discount factor(s) using table. The net present value of the project is closest to (Round Intermediate calculations and final answer to the nearest dollar amount) Multiple Choice $144,330 $225,000 $101,190 $61,149