TMC Enterprise is considering an expansion project that would have sales of 189,399 and cost of $102,300. To implement this project, TMC requires investing $15,000 in inventory and 28,000 in accounts receivable. Accounts payable would increase by $36,000, and would incur interest cost of $11,000 each year. In addition, the project requires fixed equipment assets of $80,000 (CCA class of 30%). The lifespan of the project is three years. At the end of the 3 years, the equipment assets has an expected market value of $26,000. TMC has required rate of return of 14% and its tax rate is 34%. The net present value of this project is close to A. $68,025 B. $93,610 C. $91,425 D. $65,886 E.

$81,923