you were tasked to evaluate an expansion project and you collected the following finormation. Initial invesment is 1.2m. YOur annual EBIT is going to be 500,000, which is net of depreciation of $150,000, ad before tax, whereby your corporate tax rate is 21%. At the project start, you need to build up inventory to a level $100,000and at project end, in 3 years, you will release that inventory again and you are expected to recover the full $100,000. There are no other salvage value considerations for this project. Assuming a risk adjusted discount rate of 10%, the net present value of this project equals. a. -144,331 b. -44,331 c. 130,466 d. 1,155,669