Michael Bloomberg Corp. is expanding and expects operating cash flows of $59,000 a year for 4 years as a result. This expansion requires $80,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $10,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 15 percent? $68,631$78,400$15,913$32,452$84,161