Morton Corp. is now in the final year of a project. The equipment was originally purchased at $25,000 at the beginning of the project, of which 80% has been depreciated so far. The firm can sell the used equipment today for $7,000, and its tax rate is 40%. Net operating working capital increased by $14,000 at the beginning of the project and there is no additional change in NOWC thereafter. What is the terminal cash flow of this project? $20,200 a. $21,000 b. Oc. $14,000 $7,000 d. Oe. $20,000