XYZ is considering a project that would last for 2 years. The project would involve an initial investment of $174,000 for new equipment that would be sold for an expected price of $74,000 at the end of the project in 2 years. The equipment would be depreciated to zero over 3 years using straight-line depreciation. In years 1 and 2 relevant annual revenue for the project is expected to be $240,000 per year and relevant annual costs for the project are expected to be $110,000 per year. The tax rate is 25 percent and the cost of capital for the project is 21.3 percent. What is the net present value of the project? a. $32,173 (plus or minus $100) b. $43,077 (plus or minus $100) c. $42,027 (plus or minus $100) d. $44,746 (plus or minus $100) e. None of the above is within $100 of the correct