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Bruno's Lunch Counter is expanding and expects operating cash flows of $28,500 a year for...

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Bruno's Lunch Counter is expanding and expects operating cash flows of $28,500 a year for 4 years as a result. This expansion requires $67,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $4,400 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 11 percent? Multiple Choice $23,205 $26,243 o $24,862 o $21,420 o

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