General Electric would like to make a $623,000 investment to manufacture wind turbines. Annual revenues from the project will be $265,000 a year. Assume straight-line depreciation to zero book value over the 3-year life of the project. The plant and machinery will be sold for $79,000 before tax at the end of 3 years. The tax rate is 34%. The project will require $15,000 in net working capital, which will be recuperated at the end of the project. What is the NPV of the project if the required rate of return is 9 percent? Select one: a. $-4968 O b. $23470 O c. $35294 O d. $12128 O e. $63529 You are analyzing the purchase of an industrial vacuum cleaner. It will last for five years and it costs $100,000. The pretax operating costs of the cleaner are $16312 per year. Use straight-line depreciation to zero over the five years and assume a before-tax market salvage value of $20,000 at the end. Your tax rate is 21 percent and the relevant discount rate is 5 percent. What is the Equivalent Annual Cost (EAC)? Select one: O a. $32065 O b. $24031 O c. $27215 O d. $28925 Oe. $26135