Question $13$

Benek, Incorporated, is considering a new $10-$year expansion project with an initial fixed asset investment of $$132,900.$ The fixed asset will be depreciated straight$-$line to zero over its $10-$year tax life, after which time it will be worthless. The project is estimated to generate $$99,000$ in annual sales, with costs of $$34,300.$ The tax rate is $22$ percent, and the required return is $14\mathrm{.}8$ percent. What is the net present value of this project?

$-$$$402,906$

$$137,106$

$$270,006$

$-$$$119,471$