Question: 8. value: 3.16 points A project is expected to create operating cash flows of $30,500 a year for three years. The initial cost of the

8. value: 3.16 points A project is expected to create operating cash flows of $30,500 a year for three years. The initial cost of the fixed assets is $63,000. These assets will be worthless at the end of the project. An additional $2,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 14 percent? O $9159.72 O $2,178.57 O $7159.72 O $5,159.72 O $5,809.78
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