Gaston Company is considering a capital budgeting project that would require a $2,500,000 investment in equipment with a useful life of five years and no salvage value The company's tax rate is 30% and its after- tax cost of capital is 12% It uses the straight line depreciation method for financial reporting and tax purposes. The project would provide net operating income each year for five years as follows: Sales Variable expenses $3,500,000 1,960,000 Contribution margin Fixed expenses Advertising, salaries, and other fixed out-$620,000 1,540,000 of-pocket costs Depreciation Total fixed expenses Net operating income 500,000 1,120,000 $ 420,000 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables Required: Compute the project's net present value (Round discount factorts) to 3 decimal places) et present value O Type here to search