Commodity Copper is considering the installation of a $1,782,000 production conveyor system that would generate the following labor cost savings over its 10-year life: Years Annual Labor Cost Savings 1-2 $280,000 3-5 340,000 6-8 288,800 9-10 260,000 a. The system will have no salvage at the end of its 10-year life, and the company uses a discount rate of 12 percent. What is the pre-tax net present value of this potential investment