Welti Corporation has provided the following information concerning a capital budgeting project: 14% After-tax discount rate Tax rate 30% Expected life of the project Investment required|$200,000 in equipment Salvage value of equipment Annual sales $400,000 Annual cash $270,000 operating expenses The company uses straight-line depreciation on all equipment; the annual depreciation expense will be $50,000. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The net present value of the project is closest to: (Consider income taxes when calculating the net present value. Use Microsoft Excel to calculate present values and do not round intermediate calculations. Round only your final answer to the nearest dollar amount.) Multiple Choice o $224,000 o $92,633 o $308,778 o $108,854