Outdoor sports is considering adding miniature golf course. The course would cost $138000, would be deprecdiated on a straight line basis over 5 year life, have zero salvage value. Estimated income from fees is $72000 a year with $24000 of that amount being variable cost. The fised cost is $11600. In addition, they anticipate additional $14000 in revenue from existing facilities. Project will require $3000 of Net working capital, which is recoverable at end of project. What is the NPV of this project at a discount rate of 12% anmd tax rate of 34%. a. 22,309 b. $11,628 c. $12,737 d. $14,439 e. $14,901