Question 51 (1 point) Edgy Designers is considering a 3-year project with an initial cost of $1,269,000.00. The project will produce gross income (i.e., sales less cost of sales) of $442,500.00 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $45,000.00 before taxes. The tax rate is 35%. The project will require $46,500.00 in extra inventory for spare parts and accessories. Should this project be implemented if Edgy Designers's required rate of return is 9%? Why or why not? a) Yes; The NPV is $161,894.56 b) No; The NPV is -$190,091.83 OC) Yes; The NPV is $77,092.65 d) No; The NPV is -$154,185.30 e) No; The NPV is -$142,023.41