Gaston Company is considering a capital budgeting project that would require a $2,400,000 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 16%. 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: $3,200,000 1,720,000 1,480,000 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed semn $540,000 out-of-pocket costs Depreciation 480,000 Total fixed expenses Net operating income 1,020,000 $ 460,000 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