Your company is considering a project which will require the purchase of $755,000 in new equipment. The company expects to sell the equipment at the end of the project for 25% of its original cost, but some assets will remain in the CCA class. Annual sales from this project are estimated at $272,000. Initial net working capital equal to 34.00% of sales will be required. All of the net working capital will be recovered at the end of the project. The firm requires a 11.00% return on similar investments. The tax rate is 35%, and the project life is 5 years. There are no other operating expenses. Assume the present value of the CCA tax shield is $126,000. What is the project's NPV?

Question 21 options:

	$96,380
	$98,851
	$101,322
	$103,793
	$106,265