Bruin Enterprises needs someone to supply it with 120,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract with the price of $15 per carton. It will cost you $1, 500,000 to install the equipment necessary to start production; you'll depreciate this cost straight-line to zero over the project's life. You estimate that in five years this equipment can be salvaged for $100,000 (pre-tax value). Your fixed production costs will be $250,000 per year, and your variable production costs should be $7.25 per carton. You will also need an initial investment in net working capital of $100,000 that's fully recovered at the end of Year 5. If your tax rate is 35 percent and you require a 12.3 percent return on your investment, what is your approximate NPV? 449.63 thousand 469.22 thousand 357.25 thousand 513.23 thousand 2049.63 thousand