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please solve it Question 19 1 pts Magnum & Co. is considering a new project. The project will require $535.000 for new fed et $218.000

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Question 19 1 pts Magnum & Co. is considering a new project. The project will require $535.000 for new fed et $218.000 for additional Inventory, and $39.000 for additional accounts receivable Short-term dett is expected to increase by $165,000. The project has a 6-year ite. The fixed assets will be depreciated straight-line to a zero book value over the life of the project. At the end of the project the fixed assets can be sold for 20 percent of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $875,000 and costs of $640,000. The tax rate is 35 percent and the required rate of return is 12 percent. What is the amount of the aftertax cash flow from the sale of the foredane at the end of this project? Select the choice that is closest to your answer $69.550 O $287,615 $104.400 $73830 1 pts

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