Your Firm Has an Average-Risk Project Under Consideration A)$914,675
B)$98,415
C)$64,675
D)$48,415

Your firm has an average-risk project under consideration.You choose to fund the project in the same manner as the firm's existing capital structure.If the cost of debt is 8.50%,the cost of preferred stock is 9.00%,the cost of common stock is 11.50%,and the WACC adjusted for taxes is 10.50%,what is the NPV of the project,given the expected cash flows listed here? $$\begin{array} { | l | c | c | c | c | } \hline \text { Category } & \mathrm { T } _ { 0 } & \mathrm {~T} _ { 1 } & \mathrm {~T} _ { 2 } & \mathrm {~T} _ { 3 } \\\hline \text { Investment } & - \$ 800,000 & & & \\\hline \text { NWC } & - \$ 50,000 & & & \$ 50,000 \\\hline \text { Operating Cash Flow } & & \$ 350,000 & \$ 350,000 & \$ 350,000 \\\hline \text { Salvage } & & & & \$ 20,000 \\\hline \text { Total Incremental Cash Flow } & - \$ 850,000 & \$ 350,000 & \$ 350,000 & \$ 420,000 \\\hline\end{array}$$

A) $914,675
B) $98,415
C) $64,675
D) $48,415