A firm is considering a project that requires an initial investment of $180,000. The equipment will be

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A firm is considering a project that requires an initial investment of $180,000. The equipment will be depreciated on a straight-line basis to a zero salvage value over a period of 6 years. The equipment will have an economic life of 4 years. At t=4, the company plans to sell the equipment for $50,000. The project requires an investment in working capital of $12,000 at t=0, $9,000 at t=1, $7,000 at t=2, and $5,000 at t=3. It is assumed that this investment in working capital will be completely r