The firm is considering a new, 7-year project that costs $100,000 today. $30,000 will be expensed today, and the rest will be depreciated straight line over the life of the project The project is projected to produce operating revenues of $28,000 per year and costs of $4,000 per year, both starting at t = 1 and both in real dollars. The project requires an increase in working capital today of $12,000. The nominal cost of capital is 12% per year and the projected