Question 17 Points: Munir S/B has provided the following data concerning a proposed investment project: Initial investment......... $861,000 Annual net cash receipts...... $271,000 Life of the project.. 5 years Salvage value. $129,000 The company's tax rate is 30%. For tax purposes, the straight line method will be used and capital allowances (CA)s will be claimed only over 3 years over the entire initial cost without any reduction for salvage value. The company uses a discount rate of 11%. Required: (vi) What is the NPV of the project? O A. ($104,107.5) B. $ 104, 107.5 C. $99,107 D. ($99, 107)