Question 10: A company is considering a project with an initial cost of $150,000. The project will last for 9 years. The project requires $23,000 of working capital. At the end of the 9 years, the working capital will be released for use elsewhere and the equipment will be sold for an estimated salvage value of $25,000. The project will generate annual cash fixed costs of $15,800 per year and straight-line depreciation on the equipment will be $12,700 per year. The project will generate an annual contribution margin of $35,000 per year. The company's discount rate is 8%. What is the Net Present Value of this project? Question 10: A company is considering a project with an initial cost of $150,000. The project will last for 9 years. The project requires $23,000 of working capital. At the end of the 9 years, the working capital will be released for use elsewhere and the equipment will be sold for an estimated salvage value of $25,000. The project will generate annual cash fixed costs of $15,800 per year and straight-line depreciation on the equipment will be $12,700 per year. The project will generate an annual contribution margin of $35,000 per year. The company's discount rate is 8%. What is the Net Present Value of this project