Lakeside Winery is considering expending its winemaking operations, The expansion will require new equipment costing $658,000 that would be depreciated on a straight-tine basis to zero over the 6 year lfe of the project. The equlpment will have a market value of $770,000 ot the end of the project. The project requires $40,000 initially for net working capital, which will be recovered at the end of the project. The operating cash fiow will be $147,600 a year. What is the net present value of this project if the relevant discount rate is 12 percent and the tax rate is 23 percent? Multiple Cholce $15,162 54,573 516.047 512793 518149