Gateway Communications is considering a project with an initial fixed assets cost of $1.54 million that will be depreciated straight-line to a zero book value over the 9-year life of the project. At the end of the project the equipment will be sold for an estimated $241,000. The project will not change sales but will reduce operating costs by $401,000 per year. The tax rate is 22 percent and the required return is 11.6 percent. The project will require $52,500 in net working capital, which will be recouped when the project ends. What is the project's NPV? Multiple Choice - $442,926 $392,942 $457,690 $375,857 $425,890