considering a project that requires the purchase of a machine that will cost $5.25 million will also need to add net working capital of $100,000 immediately. The net working capital will be recovered in full at the end of the fifth year. The machine will also cost $250,000 to ship and install in the firm's factory. Revenues are projected to be $3.5 million each year for the next five years. The equipment will be fully depreciated straight-line by the end of year 5. Cost of goods sold (not including depreciation) are predicted to be 50% of sales. The equipment can be sold for $400,000 at the end of year 5. Assume the tax rate is 20% and the cost of capital is 9%. What is the NPV of this investment? Multiple Choice $909,213 $974,206 $1,733,889 $1,026,200