Outdoor Sports is considering adding a putt$-$putt golf course to its facility. The course would cost $$175,000,$ would be depreciated on a straight$-$line basis over its $5-$year life, and would have a zero salvage value. The sales would be $$88,000$ a year, with variable costs of $$27,800$ and fixed costs of $$12,400.$ In addition, the firm anticipates an additional $$18,500$ in revenue from its existing facilities if the putt putt course is added. The project will require $$3,000$ 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 of $10$ percent and a tax rate of $21$ percent?

Multiple Choice

$$34,801$

$$36,664$

$$73,467$

$$11,920$

$$50,275$