12. The Consensus Group INC. is considering a 2 -year project that will require $120,000 for fixed assets at time 0 . The fixed assets will be depreciated (straight-line) over the life of the project and will be worthless at the end of the project. The project is expected to generate $350,000 in sales per year and annual costs of $200,000. The tax rate is 35 percent, and the required rate of return is 15 percent. Making all required adjustments to get the cash flows, what is the project's net present value? (a) $72,647 (b) $95,104 (c) $42,647 (d) $24,896