A Project Has an Initial Cost of $480,000,projected Revenue of $311,500,cash

Multiple Choice

A project has an initial cost of $480,000,projected revenue of $311,500,cash costs of $214,650,an unlimited life,a tax rate of 21 percent,and a weighted average cost of capital of 13.8 percent.What is the net present value of the project?

A) $24,411
B) $115,494
C) $100,003
D) $66,497
E) $74,431