Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $72,000 per year for 9 years. At the beginning of the project, inventory will decrease by $32,000, accounts receivables will increase by $29,000, and accounts payable will increase by $21,000. 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 $309,000. 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 $88,000. What is the net present value of this project given a required return of 12.7 percent? Multiple Choice $120,637 $129,570 O $110,458 $124,298 $105,655