Eli and Co. is considering a new project which would require a new equipment that would cost them $100,000. The project is expected to last for four years and generate an EBIT (1-T) (i.e., NOPAT) of $75,000 each year. Under MACR, the applicable depreciation rates are 33%, 45%,15%, and 7% for year 1,2,3 and 4, respectively. The equipment purchased for the project would not have a salvage value at the end of the project and the project does not require any additional investment in working capital. The applicable tax rate is 25% and the WACC of the company is 7.5%. Question 6 How much is the project's NPV? O $238,153.12 0 $300,000.00 $338,153.12 O $175,353.26