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Please show all your work, NEED ANSWER ASAP Your firm is considering a new project. The project will bring pre-tax operating cash flow (ignoring depreciation)

image text in transcribedPlease show all your work, NEED ANSWER ASAP

Your firm is considering a new project. The project will bring pre-tax operating cash flow (ignoring depreciation) of $656,000 per year for six years. The project requires an initial upfront investment in net working capital (NWC) of $119,000 which will be recovered at the end of year six. The firm will have to purchase a new piece of equipment at a cost of $1,814,000. At the end of its six-year life, the equipment can be sold for $173,643. There are no capital gain taxes or terminal losses to worry about. The CCA rate is 35% and assume the half-year rule applies. The company has a cost of capital of 13% and pays a corporate tax rate of 25%. What would be the NPV of this project? A) $563,203 B) $532,650 C) $470,808 D) $413,650 E) $449,246

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