Question 20 (1 point) A project is expected to create operating cash flows of $35,000 a year for four years. The initial cost of the fixed assets is $100,000. These assets will be worthless at the end of the project. An additional $5,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 11% ? $1,879.25 $3,585.60 $6,879.25 $8,585.60 $11,879.25 Question 19 (1 point) Super-Doopers is analyzing two machines to determine which one they should purchase. The company requires a 12% rate of return and uses straight-line depreciation to a zero book value. Machine A has a cost of $400,000, annual operating costs of $25,700, and a 4-year life. Machine B costs $366,000, has annual operating costs of $30,000, and has a 5-year life. Whichever machine is purchased will be replaced at the end of its useful life. SuperDoopers should select machine because it will save the company about a year in costs. B; $26,812 B; $26,119 A; $40,044 A; \$26,119 A; $26,812