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Corporate financial projections for a fiscal year for an entire firm both with and without a potential project are presented below: Entire Firm Entire Firm

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Corporate financial projections for a fiscal year for an entire firm both with and without a potential project are presented below: Entire Firm Entire Firm Item Without project With project Revenues $17,570,000 $20,100,000 Fixed and Variable Costs $7,731, 000 $10,300,000 Depreciation $3,163, 000 $4,500,000 The marginal tax brackets for the firm are given in the following table: Over But not over Tax is of the amount over $0 $950,000 52.2% $0 $950,000 $1,727,000 $495, 900 + 49.1% $950,000 $1,727,000 $4,934,000 $877, 407 + 46.2% $1,727,000 $4,934,000 $6,676,000 $2,359, 041 + 43.1% $4,934, 000 $3, 108, 101 + 40.1% $6,676,000 $6,676,000 $17,570,000 $17,570,000 $7,509, 277 + 38.0% $17,570,000 The incremental net operating income (i.e. NOPAT or Net Operating Profit After Taxes) if the firm pursues this project is $ (Round your answer to the nearest dollar)

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