Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects:

The net present value (NPV) for Epiphany's Project is closest to ________.

Group of answer choices

$23,387

$140,319

$46,773

$93,546

Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: Year 0 1 2 3 Sales (Revenues) 150.000 150.000 150.000 Cost of Goods Sold (50% of Sales) 75.000 75.000 75.000 Depreciation 25,000 25.000 25,000 E EBIT 50.000 50.000 50,000 -Taxes (35%) 17.500 17.500 17.500 unlevered net income 32,500 32,500 32,500 Depreciation 25.000 25.000 25.000 |*(-) increase/decrease) in working capital 5.000 5.000 -10.000 capital expenditures -90,000 The net present value (NPV) for Epiphany's Project is closest to $23.387 $140.319 $46.773