XYZ is evaluating the Reno project. The project would require an initial investment of $121,000 that would be depreciated to $17,900 over 6 years using straight-line depreciation. The project is expected to have operating cash flows of $48,700 per year forever. XYZ expects the project to have an after-tax terminal value of $365,000 in 3 years. The tax rate is 30%. What is (X+Y)/Z if X is the project's relevant expected cash flow in year 3, Y is the project's relevant expected cash flow in year 5, and Z is the project's relevant expected cash flow in year 2?

		A number equal to or greater than 12.56 but less than 14.13
		A number equal to or greater than 9.92 but less than 11.56
		A number less than 7.99 or a rate greater than 14.13
		A number equal to or greater than 11.56 but less than 12.56
		A number equal to or greater than 7.99 but less than 9.92