Mrs$.$ Bean is considering adding a machine to her operation. The machine she wants would cost $$35,000,$ would be depreciated on a straight line basis over the $4-$year life, and would have zero salvage value. Bean estimates the income from the machine would be $$33,000$ a year with $$12,000$ of that amount being variable cost. The fixed cost would be $$7,250.$ Bean feels that the machine would net her, after costs, an additional $$10,000$ in revenue from her operation. The project will require $$1,000$ of net working capital which is recoverable at the end of the project. What is the net present value of this project at a discount rate $12\%$ and a tax rate of $21\%?$

a$.$

$$28,510\mathrm{.}97$

b$.$

$$26,840\mathrm{.}43$

c$.$

$$23,487\mathrm{.}72$

d$.$

$$27,390\mathrm{.}19$