You are analyzing a project and have developed the following estimates. The depreciation is $2,500 a year and the tax rate is 35 percent. What is the lower bound operating cash flow? Base Case Lower Bound Upper Bound Unite Sales 1,800 1,600 2,000 Price per unit $20 $18 $20 Variable cost per unit $11 $9 $13 Fixed costs $7,000 $6,500 $7,500 $7,767 $6,855 $6,010 $7,324 $6,984 Question 6 3 pts Lakeside Grapes is considering expanding its wine-making operations. They would need new equipment that costs $400,000 that would be depreciated on a straight-line basis to a zero balance over the 5-year life of the project. The estimated salvage value is $62,000. The project requires $35,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating cash flow is $187.500 a year. What is the net present value of this project if the relevant discount rate is 15 percent and the tax rate is 35 percent? $245,966.49 $280,966.49 $240,018.12 $269,655.72 $230,966.49