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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, 400,000 Fixed and Variable Costs $7,731,000 $10,250,000 Depreciation $3,163,000 $4,100,000 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 + 44.9% $4,934, 000 $6,676,000 $17,570,000 $3, 108, 101 + 41.3% $6,676,000 $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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