Consider the following cash flow statement. The required fields are calculated. Calculate the present value of the cash flow if the interest rate is 12%. 0 1 2 3 4 5 Revenues: Unit Price 60 60 60 60 60 Demand (units) 4000 4000 4000 4000 4000 Sales revenue 240000 240000 240000 240000 240000 Expenses: Unit variable cost 15 15 15 15 15 Variable cost 40000 40000 40000 40000 40000 Fixed cost 30000 30000 30000 30000 30000 Depreciation 36000 62000 44000 32000 12000 Taxable income 134000 108000 126000 138000 158000 Income taxes (40%) 53600 43200 50400 55200 63200 Net Income 80400 64800 75600 82800 94800 Depreciation 36000 62000 44000 32000 12000 levestment activities levestment -300000 Wardag capital 60000 60000 40000 -40400 60000 Working capital Salvage Gains tax Net cash flow Select one: O a. 8822 b. 120000 O c. 211090 O d. 130410 O e. 100000 O f. 108506 7 Sunos we have 5 mutually exclusive proiects ARD on