You received no credit for this question in the previous attempt. View previous attempt Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $661,000 that would be depreciated on a straight-line basis to zero over the 4-year life of the project. The equipment will have a market value of $174,000 at the end of the project. The project requires $44,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $199,900 a year . What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 34 percent? Multiple Choice -$28.275 - $40.000 $33,511 -$37.234 C Proy 23 of 24 Next >