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A company is considering a new project requiring an upfront fixed-asset investment of $1,000,000 with an economic life of five years. Depreciation is taken on

A company is considering a new project requiring an upfront fixed-asset investment of $1,000,000 with an economic life of five years. Depreciation is taken on a straight-line basis, with no expected salvage value. Net working capital required immediately is expected to be $100,000 and will be recovered in full upon the project's completion in five years. In the expected-scenario forecast, the annual sales volume is 55,200 units, while the sale price is $149 per unit with a variable cost of $99 per unit. Annual fixed costs are estimated to $1,290,000. If the appropriate discount rate is 13.50% and the tax rate 30%, what is the project's NPV? options: $2,463,377 $2,531,804 $2,600,231 $2,668,659 $2,737,086

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