Question 11 Not yet answered Points out of 1.00 Flag question Woodrag Company purchased a machine that is expected to generate cash flow from operations, net of income taxes, of $80,000 in each of the next 7 years. Woodrag's expected rate of return is 12%. Assuming a $12,720 net present value for this project, what must be the initial cost of the machine? Select one: O a. $352,400 b. $230,400 Oc. $377,840 O d. $253,120 Next page Previous page