The project has the following incremental EBIT.

t EBIT

t=0 0

t=1 85

t=2 95

t=3 105

t=4 115.

Tax rate is 20 percent. Year 0 capex is 100, which is depreciated straight line over years 1-4. And annual change in working capital is 10 per year. Compute annual cash flow. Aggregate (add up) the cash flow over all five years without any time-value of money adjustments. What is that aggregate value?

A) 280

B) 180

C) 260