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can you show work not through excel please 10. Gateway Communications is considering a project with an initial fixed asset cost of $2.168 million which

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can you show work not through excel please
10. Gateway Communications is considering a project with an initial fixed asset cost of $2.168 million which will be depreciated straight-line to a zero book value over the 10-year life of the project . Ignore bonus depreciation. At the end of the project the equipment will be sold for an estimated $495,000. The project will not directly produce any sales but will reduce operating costs by $634,000 a year. The tax rate is 21 percent. The project will require $128.000 of net Working Capital which will be recouped when the project ends. What is the net present value at the required rate of return of 14.3 percent? 30 Points)

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