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Ryker's Wholesale is considering offering a new product. This product requires an investment of $98,000 in new fixed assets and $23,300 in net working capital,

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Ryker's Wholesale is considering offering a new product. This product requires an investment of $98,000 in new fixed assets and $23,300 in net working capital, all of which is recoverable at the end of the project. The fixed assets will be depreciated straight-line to zero over the 6 -year life of the project. The company spent $10,000 to hire a consult to estimate the potential costs and revenue associated with this project. The consultant projects the product will produce annual sales of $91,100 with annual costs of $51,000. At the end of the project, the company should be able to sell the fixed assets for $47,600. What is the project's operating cash flow? OCF= Allowed attempts: 3 Identify the cash flows at the start and end of the project. CF0=$ Allowed attempts: 3 CF6= Allowed attempts: 3 What is the project's net present value? (Round the WACC to two decimal places before using, i.e. XX.XX%)

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