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The Market Place is considering a new four-year expansion project that requires an initial fored asset irvestrnent of st 67 mithon. The fixed atset will

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The Market Place is considering a new four-year expansion project that requires an initial fored asset irvestrnent of st 67 mithon. The fixed atset will be depreciated straight-4ine to zero over its four-year tax life, after which time it will have a market value of 5435 , ooo. No bonat deprecietson wir be taken. The project requires an initial investment in net working capital of $198,000, all of which will be recovered at the end of the progect The project is estimated to generate $1,850,000 in annual sales, with costs of $1.038,000. The tax rate is 21 percent and the required refuarn for the proiret a to 4 percent. What is the net present value? Multipler Choice 5451,18073 5302.208.15 $254,595.45 $358,576.22

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