Gaston Company is considering a capital budgeting project that would require a $2,100,000 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 Contribution margin Fixed expenses: $2,900,000 1,630,000 1,270,000 Advertising, salaries, and other fixed Depreciation Total fixed expenses Net operating income s510,000 out-of-pocket costs 420,000 930,000 $340,000 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 Net present value Gaston Company is considering a capital budgeting project that would require a $2,100,000 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 Contribution margin Fixed expenses: $2,900,000 1,630,000 1,270,000 Advertising, salaries, and other fixed Depreciation Total fixed expenses Net operating income s510,000 out-of-pocket costs 420,000 930,000 $340,000 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 Net present value