a corporate expects to receive $34,902 each year for 15 years if a particular project is undertaken. there will be an initial investment of $113,713. the expenses associated with the project are expected to be $7,331 per year. assume straight-line depreciation, a 15-year useful life, and no salvage value. use a combined state and federal 48% marginal tax rate, marr of 8%, determine the project's after-tax net present worth.