HELP!

14 Jump to V 4 10 11 12 13 15 16 17 18 19 20 21 22 23 24 33 34 35 25 26 27 28 29 30 31 32 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 multiple choice question Mills Mining is considering an expansion project. The proposed project has the following features: The project has an initial cost of 500,000 USD--this is also the amount which can be depreciated using the following depreciation schedule: Year Depreciation Rate 1 33% 2 45 3 15 4 7 If the project is undertaken, at t = 0 the company will need to increase its inventories by 50,000 USD, and its accounts payable will rise by 10,000. This net operating working capital will be recovered at the end of the project's life (t = 4). If the project is undertaken, the company will realize an additional 600,000 USD in sales over each of the next four years (t = 1, 2, 3, 4). The company's operating cost (not including depreciation) will equal 400,000 USD a year. The company's tax rate is 40 percent. At t = 4, the project's economic life is complete, but it will have a salvage value of 50,000. The project's WACC = 10 percent. What is the project's net present value (NPV)? A. $11,122.87 B. $50,330.14 C. $54,676.59 D. $68,336.86 E. $80,035.52