possible Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: 0 Year Sales (Revenues) Cost of Goods Sold (50% of Sales) Depreciation = EBIT Taxes (20%) unlevered net income + Depreciation + changes to working capital - capital expenditures 1 125,000 62,500 30,000 32,500 6,500 26,000 30,000 -5,000 2 125,000 62,500 30,000 32,500 6,500 26,000 30,000 - 5,000 3 125,000 62,500 30,000 32,500 6,500 26,000 30,000 10,000 b -90,000 The net present value (NPV) for Epiphany's Project is closest to: O A. $21.585 B. $86.340 O C. $129,510 O D. $43.170