Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $661,000 that would be depreciated on a straight-line basis to zero over the 4-year life of the project. The equipment will have a market value of $174,000 at the end of the project. The project requires $44,000 initially for networking capital, which will be recovered at the end of the project. The operating cash flow will be $198,900 a year. What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 34 percent? Multiple Choice 0 0 -$31.417 0