fabc processing is considering an investment project that will produce an operating cash flow of $384,800 a year for five years. The initial cash outlay for equipment will be $740,000. An aftertax salvage value of $59,200 for the equipment will be received at the end of the project. The project requires $111,000 of net working capital that will be fully recovered. What is the net present value of the project if the required rate of return is 12 percent?

		$614,500.98
		$702,911.85
		$658,420.36
		$632,693.93
		$674,158.27