Epiphany industries is considaring a now cap tal budgeling projoct that will last for three years. Eplphary plans on using a cost of capilal of 12% to evaluale this project. Based on extensive research, it has prepared the following incremnntal cash low projocts: \begin{tabular}{lcccc} \hline Yoar & 0 & 1 & 2 & 3 \\ \hline Salas (Revenues) & & 150,000 & 150,000 & 150,000 \\ - Cost of Goods Sold (50\% of Salos) & 75,000 & 75,000 & 75,000 \\ - Depreciation & 20,000 & 20,000 & 20,000 \\ - EBIT & 55,000 & 55,000 & 55,000 \\ - Taxes (20\%) & 11,000 & 11,000 & 11,000 \\ * untevered net income & 44,000 & 44,000 & 44,000 \\ - Depredation & & 20,000 & 20,000 & 20,000 \\ + changes to working capitar & -5000 & -8000 & -5000 \\ - cacital expendaures & 90,000 & & & \end{tabular} A. 54.250 B. 382,600 C. $70.1000 D. $59,000