$7)10$ points The Market Place is considering a new four$-$year expansion project that requires an initial fixedasset investment of$$1\mathrm{.}67$ million. The fixed asset will be depreciated straight$-$line to zero over its four$-$year taxlife, after which time it will have a market value of $$435,000.$ No bonus depreciation will be taken. The projectrequires an initial investment in net working capital of$$198\mathrm{.}000,$ all of which will be recovered at the end of theproject. The project is estimated to generate $$1\mathrm{.}850\mathrm{.}000$ in annual sales. with costs of$$1\mathrm{.}038\mathrm{.}000.$ The tax rate is$21$ percent and the required return for the project is $16\mathrm{.}4$ percent. What is the net present value?A$)$ $$358576\mathrm{.}22$B$)$$$451\mathrm{.}180\mathrm{.}73$C$)$ $$241\mathrm{.}33455$D$)$ $$302\mathrm{.}208\mathrm{.}15$E$)$$$254\mathrm{.}595\mathrm{.}45$

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