The Boring Corporation is considering a 3-year project with an initial cost of $870,000. The project will not directly produce any sales but will reduce operating costs by $440,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $93,000. The tax rate is 34 percent. The project will require $23,000 in extra inventory for spare parts and accessories. Should this project be implemented if The Boring Corporation requires a rate of return of 11 percent? Why or why not? Multiple Choice no; The NPV is $142,302.95 yes; The NPV is $202,10774 yes; The NPV is $119,302.95 yes; The NPV is $38,952.33 yes: The NPV is $62,380.00