Thornley Machines is considering a 3-year project with an Initial cost of $600,000. The project will not directly produce any sales but will reduce operating costs by $310,000 a year. The equipment Is 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 $66,000. The tax rate Is 34 percent. The project will require $14,000 In extra inventory for spare parts and accessories. Should this project be implemented if Thornley's requires a rate of return of 10 percent? Why or why not? no; The NPV is $121, 161.53 yes; The NPV is $54, 760.00 yes; The NPV is $163, 813.37 yes; The NPV is $107, 161.53 yes; The NPV is $47, 161.53