Jefferson & Sons is evaluating a project that will increase operating cash flow (OCF) by $45,000 per year over the life of the project. The project will initially require $110,000 in fixed assets that will be depreciated straight-line to a zero book-value over the 4-year life of the project. The applicable tax rate is 32 percent. What is the NPV of the project if the appropriate discount rate is 15%?

Group of answer choices

NPV $20,000

$20,000< NPV $25,000

$25,000< NPV $30,000

$30,000< NPV