Question: Delco Accents is looking at a project that will require $140,000 in fixed assets and an initial investment in net working capital of $19,000. The

Delco Accents is looking at a project that will require $140,000 in fixed assets and an initial investment in net working capital of $19,000. The project is expected to produce sales of $165,000 each year with associated operating costs of $99,000. The project has a 5-year life. At the end of 5 years, the fixed assets will have zero salvage value. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 21%. The discount rate is 13%. What is the Net Present Value of the project?

A. $60,930.23

B. $55,382.20

C. $57,577.78

D, $76,339.49

E. $93,293.34

F. $68,926,32

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