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runo's Lunch Counter is expanding and expects operating cash flows of $26,900 a year for 6 years as a result. This expansion requires $92,700 in

runo's Lunch Counter is expanding and expects operating cash flows of $26,900 a year for 6 years as a result. This expansion requires $92,700 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $6,600 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 13 percent? Multiple Choice $11,404 $16,070 $14,834 $17,218 $18,175

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