Consider the following project for Hand Clapper, Incorporated. The company is considering a $4-$year project to manufacture clap$-$command garage door openers. This project requires an initial investment of $$16\mathrm{.}7$ million that will be depreciated straight$-$line to zero over the project$$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\mathrm{.}3$ million in pretax revenues with $$5\mathrm{.}8$ million in pretax operating costs. The tax rate is $22$ percent and the discount rate is $14$ percent. The market value of the equipment over the life of the project is as follows:

Year Market Value $($in millions$)$

$1$ $ $14\mathrm{.}70$

$211\mathrm{.}70$

$39\mathrm{.}20$

$41\mathrm{.}95$

a$.$

Assuming Hand Clapper operates this project for four years, what is the NPV$?($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$-1.$

Compute the project NPV assuming the project is abandoned after only one year. $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

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, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

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, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$