The following Information concerning a proposed capital budgeting project has been provided by Jochum Corporation 7 Investment required in equipment Salvage value of equipment $280,000 023514Working capital requirement Annual sales Annual cash operating expenses One-time renovation expense in year 3 $ 10,000 $630,000 $480,000 60 000 The expected life of the project is 4 years. The income tax rate is 30%. The after-tax discount rate is 9% The company uses straight-line depreciation on all equipment and the annual depreciation expense would be $70,00o at the end of the year except for the initial investments. The company takes income taxes into . Assume cash flows occur Click here to view Exhibit 138-1 to determine the appropriate discount factorts) using table. The net present value of the project is closest to 7 Multiple Choice 02:34:58 $176,900 $182,000 $84,770 $92,770 Coache Corporation with a 4 year useful life and zero salvage value. The annual incremental sales would be $31 cash operating expenses would be $230,000. In addition, there would be a one-time renovation expense in year 3 of $30,000, The company's income tax rate is 30%. The company uses straight-line depreciation on all equipment. is considering a capital budgeting project that would require an investment of $120,000 in equipment 0,000 and the annual incrementa The total cash flow net of income taxes in year 3 ls: Multiple Choice 44,000 $35,000 Multiple Choice 8 $44,000 02:34:28 $35,000 $65,000 $50,000