Thornley Machines is considering a 3-year project with an initial cost of $600,000. The project will not directly produce any sales but will reduce operating costs by $310,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $66,000. The tax rate is 34 percent. The project will require $14,000 in extra inventory for spare parts and accessories. Should this project be implemented if Thornley's requires a rate of return of 10 percent? Why or why not? Select answer below: yes; The NPV is $107,161.53 yes; The NPV is $163,813.37 yes; The NPV is $54,760.00 no; The NPV is $121,161.53 yes; The NPV is $47,161.53