Outdoor Sports is considering adding a putt$-$putt golf course to its facility. The course would cost $$188,000,$ would be depreciated on a straight$-$line basis over its $6-$year life, and would have a zero salvage value. The sales would be $$94,500$ a year, with variable costs of $$28,450$ and fixed costs of $$13,050.$ In addition, the firm anticipates an additional $$23,700$ in revenue from its existing facilities if the putt putt course is added. The project will require $$3,650$ of net working capital, which is recoverable at the end of the project. What is the net present value of this project at a discount rate of $13$ percent and a tax rate of $21$ percent?

Multiple Choice

$$47,823$

$$46,070$

$$69,224$

$$78,631$

$$12,672$