$5$

Question $28$

$1pts$

A project will produce an operating cash flow of $$78,900$ a year for five years. The initial cash outlay for equipment will be $$119,234.$ The net after$-$tax salvage value of $$42,346$ will be received at the end of the project. The project requires $$16,872$ of net working capital that will be fully recovered at the end of the project. What is the net present value of the project if the required rate of return is $12$ percent?

$$148,310\mathrm{.}84$

$$181,912\mathrm{.}73$

None of these options are correct

$$162,546\mathrm{.}49$

$$165,182\mathrm{.}84$