Roxx Limited is considering a project that has an 8-year life and that will require an initial capital outlay of $534228. The project will result in immediate changes to the following working capital items:

Increase in accounts receivable	$16349
Increase in accounts payable	$8788

All working capital items will be returned at the end of the project.

The expected annual net operating cash inflow for this project is $95296.

Assuming a weighted average cost of capital of 5%, what is the net present value of this project?

Select one:

a. $98704

b. $79247

c. $56553

d. $73567