Question: 5 . A project will produce after - tax operating cash inflows of $ 3 , 6 0 0 a year for 5 years. The

5. A project will produce after-tax operating cash inflows of $3,600 a year for 5 years. The after-tax salvage value of the project is expected to be $2,000 in year 5. The projects initial cost is $9,500. What is the net present value of this project if the required rate of return is 16%?
a.$ 421.24
b. $21,168.02
c. $4,591.33
d. $3,239.68
e. $2,168.02

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