A project ends after 4 years. The after tax salvage value is 12,860 and the released working capital equals 40,000 at the end of the project. Assume a 9.82% WACC and compute the present value of the terminal cash flows. Round your answer to the second decimal place.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.