Soylent Green is considering a new three-year expansion project to try a new product line in its cookie business. The initial outlay in fixed assets is $2.7 million and will be depreciated straight-line to zero over its three year tax life. There is an additional investment in net working capital of $300,000. After the 3 years the company will shut down operations and scrap the remaining assets for $210,000. Yearly sales and COGS will be $2,080,000 and $775,000 respectively. Assume that the cost of equity is 12% and the tax rate 35%. What is the projects after-tax salvage value? Question 13Answer a. $127,326 b. $132,576 c. $118,250 d. $136,500 e. Problem cant be calculated with information given