Leila Landscaping is considering a new 4-year project. This project requires a necessary initial cost of $187,000 and be depreciated on a 3-year MACRS and have no salvage value. To simplify the problem, annual operating cash flows are given as follows: $74,906 in Year 1, $79,273 in Year 2, $67,633 in Year 3, and $64,727 in Year 4. The project will also require net working capital of $3,250 that will be returned at the end of the project. The company has a tax rate of 21 percent and the project's required return is 8 percent. What is the net present value of this project? (Multiple Choice) Excel Link: Excel Sheet.xlsx $32,853 $50,726 $38,845 $36,912 $35,840