Outdoor Sports is considering adding a putt putt golf course to its facility. The course would cost $175,000, would be depreciated on a straight-line basis over its 5-year life, and would have a zero salvage value. The sales would be $88,000 a year, with variable costs of $27,800 and fixed costs of $12,400. In addition, the firm anticipates an additional $18,500 in revenue from its existing facilities if the putt putt course is added. The project will require $3,000 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 10 percent and a tax rate of 35 percent? Multiple Choice $34,801 $73,467 $33,664 $11.920 $36,664