XYZ is evaluating the Reno project. The project would require an initial investment of $149,000 that would be depreciated to $15,400 over 6 years using straight-line depreciation. The project is expected to have operating cash flows of $51,300 per year forever. XYZ expects the project to have an after-tax terminal value of $348,000 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 5, and Z is the project's relevant expected cash flow in year 2?

A number equal to or greater than 7.28 but less than 9.39

A number equal to or greater than 9.39 but less than 11.92

A number less than 7.28 or a rate greater than 15.69

A number equal to or greater than 11.92 but less than 13.79

A number equal to or greater than 13.79 but less than 15.69