Vital wine is considering expanding its winemaking operations. The expansion will require new equipment costing $683,000 that would be depreciated on a straight-line basis to zero over the 6 year life of the project. The equipment will have a market value of $185,000 at the end of the project. The project requires $55,000 initially for networking capital , which will be recovered at the end of the project. The operating cash flow will be $150.400 a year. What is the net present value of this project if the relevant discount rate is 11 percent and the tax rate is 40 percent? $12.97 $16.563 $11.679 -$15.380 -13 842