Investa AB has a WACC of 14% and a tax rate of 30%. The company is evaluating an investment of $ 400,000. The investment is estimated to give rise to an increased annual FCF (free cash flow) of $ 80,000. In addition, it is estimated that a buyer will pay the residual value of 20,000 after five years. The company writes off according to the 20 rule. What will be the NPV of the investment? Rounded answers

-86'

14'

-118'

-26'