Consider the same capital budgeting project. Where the equipment will cost $16,000,000. It will be depreciated by the straight-line method over four years, and the useful life of the project is also estimated to be four years. You expect annual sales to be $15,250,000. Fixed Costs are estimated at $3,250,000 and variable costs should be 45% of sales. Your firm faces a 30% marginal tax rate. In addition, you will be able to sell the equipment for $2,500,000 at the end of its four-year life. The firm also requires a return of 10.50% on such projects. Given these assumptions, estimate the Net Present Value of the project. $214,147 $717,198 $959,639 $193,798