Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $74,000 per year for 9 years. At the beginning of the project, inventory will decrease by $35,200, accounts receivables will increase by $30,600, and accounts payable will increase by $22,200. At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $321,000. 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 $96,000. What is the net present value of this project given a required return of 12.4 percent? Multiple Choice $118,333 $132,780 $128,948 $113,188