D Question 11 A proposed capital expenditure project involves purchasing and installing new equipment. The equipment will cost $20,000, with an additional $1,500 charge for delivery. Installation is estimated to be $4,000. The equipment has an expected life of F years and estimated salvage value of $6,000. The project requires an additional working capital investment of $6,000. The project revenues are forecast at $35,000 per year and cash expenses are estimated at $15,000 per year. The firm has a 40% marginal tax rate and an 8% weighted average cost of capital. Annual depreciation is expected to increase by $2,833.33 per year, assuming simplified straight line depreciation. Calculate the one-time, end of project cash flows from this proposed project O $20.000 O $12.000 0 $9,600 O $3,600 O None of the listed items is correct