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 13%. 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 $3,400,000 1,930,000 Contribution margin Fixed expenses Advertising, salaries, and other fixed out $610,000 1,470,000 of-pocket costs Depreciation 480,000 Total fixed expenses 090,000 Net operating income $ 380,000 Click here to view Exhibit 138 tables 1 and Exhibit 138-2. to determine the appropriate discount factor(s) using Required Compute the project's net present value (Round discount factorts) to 3 decimal places) Net present value