Q4) (Capital Budgeting) 20 Marks Calculate the NPV for the following capital budgeting proposal: $100,000 initial cost, to be depreciated straight-line over five years to an expected salvage value of $5,000, 35% tax rate, $45,000 additional annual revenues, $15,000 additional annual expenses, $8,000 additional investment in working capital, 11% cost of capital