Listen Foxglove Corp., an all equity firm, is faced with an investment project. The following information is associated with this project. In Year 1, Net Income is $50,000 and the MACRS Depreciation rate is 33%. In Year 2, Net Income is $60,000 and the MACRS Depreciation rate is 45%. In Year 3, Net Income is $70,000 and the MACRS Depreciation rate is 15%. In Year 4. Net Income is $60,000 and the MACRS Depreciation rate is 7%. Assume no interest expenses and a zero tax rate. The project involves an initial investment of $100,000 in equipment that falls in the 3- year MACRS class and has an estimated salvage value of $15,000. In addition, the company expects an initial increase in net working capital of $5,000 which will be recovered in year 4. The cost of capital for the project is 12 percent. What is the project's net present value? (Round your final answer to the nearest whole dollar.) $153,840 $159,071 $162,409 $168,604 $182,344