QUESTION 20 The project has the following information: straight-line depreciation to zero, Initial investment in fixed assets = $20,000; required level of net working capital = $5,000; life = 4 years; Sales = $17,000 per year; total annual costs=$7000, no salvage value; tax rate = 35%. What is NPV if the discount rate = 18% -$139,6000 -$997,000 -$228,000 22000 840000 1113000 1687000 2899000