Canvas A Question 21 Your firm is considering launching a new operation. The firm's marginal income tax rate is 18%. The corporation needs a return of 11% on new investment projects. 7 pts Engineering estimates that the machinery needed for the operation will cost $3.000.000. These assets will be depreciated over five years by the straight-line method down to a value of zero. The operating life of the equipment is also five years. At the end of this time you guess that the machinery can be sold for scrap for $200,000 Any capital gains or losses associated with the resell will be treated at the firm's marginal tax rate The marketing department estimates that annual sales will be around $1,600,000 per year. The accounting department estimates that annual fixed costs will be $275,000, and the variable costs are about 35% of sales Calculate the net present value of this operation $348.912 O-$166.740 O-$185.081 O-$584.238 O-$282,407 esc * 2 C No new data to save. Lint checked at 1:15pm oge 20 600 14 #3 92 $ 54 4 95 46 A 6 18 7 R E W Submit Quit * 4 19