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 $$16\mathrm{.}2$ million that will be depreciated straight$-$line to zero over the project's life. An initial investment in net working capital of $$1,020,000$ is required to support spare parts inventory; this cost is fully recoverable whenever the project ends. The company believes it can generate $$13\mathrm{.}3$ million in pretax revenues with $$5\mathrm{.}3$ 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:

$\backslash$table$[[$Year$,\backslash$table$[[$Market Value $($in$],[$millions$)]]],[1,$$$14\mathrm{.}20$