Ausel's is considering a five-year project that will require $738,000 for new fixed assets that will be depreciated straight-line to a zero book value over five years. At the end of the project, the fixed assets can be sold for $132840 (18 percent of their original cost) . The project is expected to generate annual sales of $679,000 with costs of $321,000. The tax rate is 22 percent and the required rate of return is 15.2 percent. What is the OCF for years 1 to 4 ? (Hint : Net Income + Depreciation)

A) 358,000

B)210400

C)46288

D) 311712

E)164112

Ausel's is considering a five-year project that will require $738,000 for new fixed assets that will be depreciated straight-line to a zero book value over five years. At the end of the project, the fixed assets can be sold for $132840 (18 percent of their original cost) . The project is expected to generate annual sales of $679,000 with costs of $321,000. The tax rate is 22 percent and the required rate of return is 15.2 percent. Calculate the NPV?

A) 353047

B)199,412

C)346,309

D) 436,903

E) 220,283