Pebble Inc. is considering a four-year project with an initial cost of $250,000 that involves purchasing new machinery. The project will generate inflows for years 1, 2, 3, and 4 of: $50,000, $100,000, $150,000, and $200,000, respectively. However, at the end of year 4, the firm will need to spend $100,000 to recycle the machinery. What is the net present value of the project if the WACC is 12%. $171,780 $51,493 $108,235 $44,681