Aero Motorcyctes is considering opening a new manufacturing facility in Fort Worth to meet the dernand for a new line of solar-charged motorcycles (who wants to ride co a cloudy day anyway? The proposed project has the following features; - The firm just spent $300,000 for a marketing study to determine consumer demand (0) ta 0 ). - Acro Motorcycles purchased the land the factory will be built on 5 years ago for $2,000,000 and owns it outright ithat is, it does not have a mortgagel. The tand has a current market value of $2,600,000. - The project has an initial cost of $20,000,000 fexcluding land, hint the land is not subject to depreciation). - If the project is undertaken, at t=0 the company will need to increase its imventories by $3,500,000, accounts receivable by $1,500,000, and its accounts payable by $2,000,000. This net operating working capital wirl be recovered at the end of the project's life (t=10) - If the project is undertaken, the company will reafize an additional 58,000,000 in sales over each of the next ten years, (1,e. sales in each year are $8,000,0001 - The company's operating cost (not including depreciation) will equal sox of sales. - The company/s tax rate is 35 percent - Uhe a 10 -year straight-line depreciation schedule: - At t=10, the project is expected to cease being economically viable and the factory (including land) will be sold for $4,500,000 (assume land has a book value equal to the original purchase price). - The project's WACC =10 percent - Assume the firm is profitable and able to use any tax credits (t.e. negative taves). What are the after tax proceeds from the sale of the factory (fi.e, ATSV)? Round to nearest whole doilar value