Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $691,000 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 $189,000 at the end of the project. The project requires $59,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $194,300 a year. What is the net present value of this project if the relevant discount rate is 11 percent and the tax rate is 21 percent? Multiple Choice -$27,904 -$33,389