Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $67,000 per year for 8 years. At the beginning of the project, inventory will decrease by $25,600, accounts receivables will increase by $25,800, and accounts payable will increase by $18,600. At the end of the project, net working capital will return to thelevel it was prior to undertaking the new project. The initial cost of the molding machine is $285,000. The equipment will be depreciated straight-line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $72,000. What is the net present value of this project given a required return of 11.2 percent? rev: 03_26_2019_QC_CS-164044

A) $98,671 B) $113,435 C) $94,381 D) $109,315 E) $102,371 Please show work, we are not allowed to use excel on our exam.