Compute the first two years of the study of a present value for the following project. The initial investment is one million dollar. The life of the project is 7 years, depreciated with MACRS class 5 years. The salvage is 255,000. MARR is 15% and tax rate 35%. The project will have financial support of the bank of 40% of initial investment, payable yearly, with 10% interest rate for 5 years. saving per year are estimated at 450000 the first 5 years and 275000 the last two years