Consider the following project for Hand Clapper, Incorporated. The company it considering a 4-year project to manufacture clap-command garage door openers. Thi: project requires an initial investment of $16.7 million that will be depreciated straight-lint to zero over the project's life. An initial investment in net working capital of $1,070,000 is required to support spare parts inventory; this cost is fully recoverable whenever the project ends. The company believes it can generate $14.3 million in pretax revenues with $5.8 million in pretax operating costs. The tax rate is 22 percent and the discount rate i: 14 percent. The market value of the equipment over the life of the project is as follows: a. Assuming Hand Clapper operates this project for four years, what is the NPV? (Dr not round intermediate calculations and enter your answer in dollars, not million: of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) b-1. Compute the project NPV assuming the project is abandoned after only one yeai (Do not round intermediate calculations and enter your answer in dollars, no millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) b-2. Compute the project NPV assuming the project is abandoned after only two years (Do not round intermediate calculations and enter your answer in dollars, no millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) b-3. Compute the project NPV assuming the project is abandoned after only three years (Do not round intermediate calculations and enter your answer in dollars, no millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)