Exercise $14-9($Algo$)$ Net Present Value Analysis and Simple Rate of Return $[$L$014-2,$ L$014-6]$

Derrick Iverson is a divisional manager for Holston Company. Derrick is considering a capital budgeting project that would require a $$3,200,000$ investment in equipment with a useful life of five years and no salvage value. Holston Company's discount rate is $18\%.$ The project would provide net operating income each year for five years as follows:

$\backslash$table$[[$Sales$,,$$$2,800,000$