find npv please!!

our company is considering an expansion into a new product area. The company has ollected the following information about the proposed product. The project has an anticipated economic life of 5 years. The company will have to purchase a new machine to produce the product. The machine has an up-front cost (Year 0 ) of $3,000,000. The machine will be depreciated on a 3-year MACRS-life basis (depreciation will be taken in Years 1-4 and depreciation rates are: Year 1=33%; Year 2=45%; Year 3= 15%; and Year 4=7% ). The company anticipates that the machine will last for at least five years, and that after five years, the machine will be sold for $400,000 (pre-tax). If the company goes ahead with the project, it will have an effect on the company's net operating working capital. At the outset, Year 0 , current assets will increase by $450,000, while accounts payable will increase by $200,000 and accruals will increase by $150,000. At Year 5 , the net operating working capital will be recovered after the project is completed. The project is expected to produce revenues of $2,200,000 the first year, $2,500,000 the second and third years, $2,000,000 the fourth year, and $1,600,000 the final year. Operating costs (excluding depreciation) are expected to be equal to 50 percent of sales revenue. The company's interest expense each year will be $120,000. Because of synergies, the new project is expected to increase the after-tax cash flows of the company's existing products by $40,000 a year (Years 1-5) and this is considered to be incremental to this particular project. The company's overall WACC is 5 percent. However, the proposed project is more risky than the average project, leading the firm to use a WACC of 8 percent for this project. The company's tax rate is 40 percent