You are evaluating a project for The Dogs, that involves the purchase of a new dog biscuit making machine. The project has a three year life and you estimate the project will increase revenues by $179,000 and will increase costs by $32,000 each year. The project requires an initial investment of $120,000 which is depreciated on a straight-line basis to zero over the 3 year project life. The machine will be sold at the end of the project for $35,000. The initial net working capital investment required for this project is $28,000 which will be recovered at the end of the project's life. The tax rate is 25% and the required return on the project is 10%. What is the total cash flow for the project in year 3 ? Multiple Choice $120,250 $174,500 $148,250 $146,500