Exhibit 9-2 The following data are projected for a possible investment project: IN 4 $190,000 Revenues Cost of Goods Sold Depreciation EBIT 1 $130,000 $ 32,000 $ 70,000 $ 28,000 2 $150,000 $ 38,000 $ 50,000 $ 62,000 3 $170,000 $ 44,000 $ 30,000 $ 96,000 $ 50,000 $ 10,000 $130,000 Refer to Exhibit 9-2. The project requires an initial investment of $340,000. Working capital is anticipated to be variable at 13% of revenues; the working capital investment must be made at the beginning of each period, and will be recaptured in full at the end of year 4. The tax rate is 38%. What is the net cash flow to the firm in year 1? O $62,400 $86,760 O $5,400 O $84,760 $300