Izquierdo, Incorporated, is considering a project with a life of 4 years that will produce annual operating cash flows of $123,000. During the life of the project, inventory will increase by $8,500, accounts receivable will increase by $11,000, and accounts payable will increase by $4,200. The project requires the purchase of equipment at an initial cost of $310,000 that will be depreciated straight-line to a zero book value over the life of the project. Ignore bonus depreciation. The equipment will be salvaged at the end of the project creating an aftertax cash inflow of $36,000. At the end of the project, net working capital will return to its normal level. What is the net present value of this project given a required return of 14.1 percent? Multiple Choice $97,636 $67,577 o $62,621 $59,177