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NBA stars Kevin Durant and Chris Paul own a company that faces a 40% tax rate and uses a 13% discount rate. They just invested

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NBA stars Kevin Durant and Chris Paul own a company that faces a 40% tax rate and uses a 13% discount rate. They just invested $695,000 in equipment for the banking app "Goalsetter" that would be depreciated on a straight-line basis to zero over the 6-year life of the project. The equipment will be salvaged for $191,000 at the end of the project. Kevin Durant and Chris Paul know that the project's operating cash flow will be $164,600 per year. What is the NPV of this project if it requires $61,000 initially for networking capital, which will be recovered at the end of the project? Multiple Choice O -$16,189 -$17,434 O -$12,293 O $14,570 O -$13,659

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