Gaston Company is considering a capital budgeting project that would require a $2,600.000 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: $3,400,000 1.780,000 1,020,000 Sales Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out of-pocket costs Depreciation Total fixed expenses Net operating Income 5560,000 520,000 1,000,000 5 540,000 Required: Compute the project's net present value. Nel present value