What is the net present value of this project?

a) $38,247

b) $52,605

c) $34,307

d) $31,448

e) $35,707

Delia Landscaping is considening a nen 4 year project. The necessary lixed assets wif cost 5204,000 and be depreciated on a 3 year Mackes and have no salvage $138000 vaiable conts of $37300 and fixnd costs of $13,000. The propect will also reguire net workbing capital of $31600 that will be retumed at the end of the profect. The company tas a taxtate of 21 percent and the projects requived return is 10 percent. What is the net present value of this project? Miduge Cthice switer tusai $138,000, variable costs of $37,300, and fixed costs of $13,000. The project will also require net project. The company has a tax rate of 21 percent and the project's required return is 10 percent Multiple Choice $38,247 $52,605 $34,307 $31.448 $35,707