ABC inc is considering modernizing it's warehouse. The modemization is expected to cost $2,450,000 right at the end of 2022 . The equipment will be placed into service on January 1, 2023. The primary motivation for the modernization is the retirement of an unusual number of employees and instead of replacing all employees, the firm expects to apply a higher degree of automation to warehouse operations. Annual cash cost savings (primarily from net labor and fringe benefit cost savings) are expected to be $600.000. At the end of year 6 the firm is expected to move from its current location and as part of the move will sell the used warehouse equipment for an expected $250.000. At the end of year 4 the firm expects to incur a $40,000 software update (fully tax deductible in year 4) expense. The firm uses straight line depreciation, full year every year of use based upon an IRS depreciation life of seven years, is expected to be in the 30% tax bracket, and uses, as a first pass a 12% hurdle rate on capital investment projects. Prepare an effective schedule that clearly shows the project's expected NPV