Use the following data to answer Questions 1 through 14: Primark Inc. is considering an expansion project. The proposed project would have a 4-year life along with the following features: The necessary equipment is priced at $90,000. The engineers require a cost of $3,000 to install the equipment and $5,000 to train employees to use the equipment The equipment will be depreciated using MACRS 3 year class over 4 years using the following depreciation rates: 33% (year 1), 45% (year 2), 15% (year 3) and 7% (year 4). If the project is undertaken, at t = 0 the company will need to increase its inventories by $50,000 and its accounts payable by $30,000. The company will realize an additional $500,000 in sales over each of the next four years. The company's operating costs (excluding depreciation) will equal $200,000 a year. The company's tax rate is 40%. At t = 4, the equipment will be sold for $30,000. The weighted average cost of capital "WACC" is 10%. 14. The NPV value of the project is: * O A. $514,496 B. $272,500 O C.-$296,235 D. -$300,250 E None of the above 12. The Book Value of the equipment at termination is: * 4 points O A. $30,050 O B. $10,500 O C. $6,510 D. $0 O E. None of the above 13. The Terminal Value (TV) is: * 5 points O A. $38,000 B. $61,050 O C. $45,485 O D. $35,636 E. None of the above