Rossiter Restaurants is analyzing a project that requires $160,000 of fixed assets. When the project ends, those assets are expected to have an aftertax salvage value of $44,000. How is the $44,000 salvage value handled when computing the net present value of the project?

		reduction in the cash outflow at time zero
		cash inflow in the final year of the project
		cash inflow for the year following the final year of the project
		cash inflow prorated over the life of the project
		not included in the net present value