Thorley Machines is considering a 3-year project with an initial cost for fixed assets of $618,000. The project will reduce operating costs by $265,000 a year. The equipment will be depreciated straight-line to a zero book value over the life of the project. At the end of the project, the equipment will be sold for an estimated $60,000. The tax rate is 34 percent. The project will require $23,000 in extra inventory over the project's life. Assume that the NWC will be invested at year 0 and returned at year 3. What is the NPV If the discount rate assigned to the project is 14 percent? -$2,646.00 $30,086.23 -$32,593.78 16884.40