Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $68,000 per year for 8 years. At the beginning of the project, inventory will decrease by $26,400, accounts receivables will increase by $26,200, and accounts payable will increase by $18,900. 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 $288,000. 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 $74,000. What is the net present value of this project given a required return of 11.3 percent?

$81,133

$85,333

$100,638

$74,238

$67,205