Thornley Machines is considering a 3-year project with an initial cost of $570,000. The project will not directly produce any sales but will reduce operating costs by $305,000 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 $63,000. The tax rate is 34 percent. The project will require $13,000 in extra inventory for spare parts and accessories. Should this project be implemented if Thornley's requires a rate of return of 9 percent? Why or why not? O yes; The NPV is $132,21703 O no; The NPV is $145,21703 O yes: The NPV is $186,083.54 O yes; The NPV is $66,380.00 O yes: The NPV is $68,333.51