The net present value (NPV) for Epiphany's Project is closest to:

Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: 0 Year Sales (Revenues) Cost of Goods Sold (50% of Sales) Depreciation = EBIT Taxes (20%) = unlevered net income + Depreciation + changes to working capital - capital expenditures 1 150,000 75,000 20,000 55,000 11.000 44,000 20,000 - 5,000 2 150,000 75,000 20,000 55.000 11.000 44,000 20,000 -5,000 3 150,000 75,000 20,000 55,000 11,000 44.000 20,000 10,000 - 90,000 O A. $187,155 OB. $124,770 O C. $31,193 OD. $62,385