A 6-year project to produce a new line of carts. The equipment necessary would cost $1.23 million and be depreciated using straight-line depreciation to a book value of zero. At the end of the project, the equipment can be sold for 10 percent of its initial cost. The company believes that it can sell 22,000 carts per year at a price of $61 and variable costs of $22 per cart. The project will require an initial investment in net working capital of $181,000 that will be recovered at the end of the project. The required rate of return is 10.4 percent and the tax rate is 35 percent. The fixed costs will be $365,000 per year. What is the NPV? Multiple Choice $421.421 $849,993 O O $502,453 $367,374 O O O 585,723 $585,723