Roxx Limited is considering a project that has an 8-year life and that will require an initial capital outlay of $509001. The project will result in immediate changes to the following working capital items:

Increase in accounts receivable

$14110

Increase in accounts payable

$9240

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

The expected annual net operating cash inflow for this project is $96887.Assuming a weighted average cost of capital of 5%, what is the net present value of this project?

Select one:

a.$133004

b.$93850

c.$96887

d.$109654