XYZ is evaluating the Reno project. The project would require an initial investment of $147,000 that would be depreciated to $16,600 over 6 years using straight-line depreciation. The project is expected to have operating cash flows of $46,500 per year forever. XYZ expects the project to have an after-tax terminal value of $365,000 in 3 years. The tax rate is 30%. What is (X+Y)/Z if X is the project's relevant expected cash flow in year 3, Y is the project's relevant expected cash flow in year 6, and Z is the project's relevant expected cash flow in year 2?

		A number equal to or greater than 11.83 but less than 12.55
		A number equal to or greater than 10.07 but less than 11.83
		A number less than 8.35 or a rate greater than 12.93
		A number equal to or greater than 8.35 but less than 10.07
		A number equal to or greater than 12.55 but less than 12.93