QUESTION 3 XYZ is considering a project that would last for 3 years and have a cost of capital of 21.0 percent. The relevant level of net working capital for the project is expected to be $2.000 immediately at year : $15,000 in 1 year: 55,000 in 2 years and 50 in 3 years. Relevant expected revenue. costs. depreciation and cash flows from capital spending in years 1, 2 and 3 are presented in the following table. The tax rate is 50 percent. What is the net present value of this project? Year Year 1 Year 2 Year 3 Revenue 30 $12.000 $12.000 $12.000 Costs 50 $4,000 54000 54.000 Depreciation $0 $2.000 52.000 52.000 Cash flows from capital spending 7,000 $0 $0 $4,000 a. 5278 (plus or minus 510) b. 58.719 plus or minus 510) C-512.184 (plus or minus 510) d. 52536 (plus or minus 510) e. None of the above is within 510 of the correct