Outdoor Sports is considering adding a putt$-$putt golf course to

its facility. The course would cost $$182,000,$ would be depreciated

on a straight$-$line basis over its $6-$year life, and would have a

zero salvage value. The sales would be $$87,100$ a year, with

variable costs of $$28,150$ and fixed costs of $$12,750.$ In addition,

the firm anticipates an additional $$21,300$ in revenue from its

existing facilities if the putt putt course is added. The project

will require $$3,350$ 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 $11$ percent and a tax rate of $21$

percent? Multiple Choice $$68,983$ $$14,958$ $$42,458$ $$64,774$

$$40,667$