10 points After paying $3 million for a feasibility study, Cougar Goods Ltd. wrote a proposal with the following cash flow estimates for a 20 year capital project Equipment cost 130 milion. Shipping on Installation $20 million, Salvage: 34 million Working capital investment 52 million Revenues are expected to increase by $20 milion per year wrid cash operating expenses by 99 million per year. The forms marginal tax rate is 40 percent, its weighted average cost of capitalism and the firm requires a 3 year payback. Assuming conventional straight line depreciation calculate the art direction of this project $2.4 million 52.2 million 52.0 million $20 million None of the listed choices is correct