Question: PLEASE SHOW WORK & EXCEL FORMULAS. Fox, Inc. is considering a five-year project that has initial after-tax outlay or after-tax cost of $170,000. The future

PLEASE SHOW WORK & EXCEL FORMULAS.

Fox, Inc. is considering a five-year project that has initial after-tax outlay or after-tax cost of $170,000. The future after-tax cash inflows from its project for years 1 through 5 are $45,000 for each year. Fox uses the net present value method and has a discount rate of 11.25%. Will Fox accept the project?

A) Fox accepts the project because the NPV is about $5,455.

B) Fox accepts the project because the NPV is about $165,275.

C) Fox rejects the project because the NPV is about -$4,725.

D) Fox rejects the project because the NPV is about -$154,725.

PLEASE SHOW WORK & EXCEL FORMULAS.

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