Your company is considering a 3-year new project which would have the following yearly cash flows: COGS of $320,000 per years, revenues of $700,000, SGAs of $105,000. It would necessitate an initial $600,000 of capital expenditures today. There will be a $12,000 decrease in NWC each year of the project. You would use idle machines for which you don't have to pay, but which you would depreciate by $190,000 each year. If the cost of capital is 8.0% and your company's tax rate is 35%, what is the net present value (NPV) of this project? \begin{tabular}{r} $69,254 \\ $62,958 \\ \hline$59,810 \\ $56,662 \end{tabular}