Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $64,000 per year for 8 years. At the beginning of the project, inventory will decrease by $23,200, accounts receivables will increase by $24,600, and accounts payable will increase by $17,700. At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $276,000. The equipment will be depreciated straight-line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $66,000. What is the net present value of this project given a required return of 10.9 percent?

• $95,472

• $106,400

• $102,516

• $88,528

• $92,552

• One year ago, you purchased 100 shares of Titan Wood Products for $48.29 per share. The stock has paid dividends of $.55 per share over the past year and is currently priced at $53.18. What is your total dollar return on your investment?

• $516.50

• $489.00

• $562.13

• $272.00

• $544.00