Gateway Communications is considering a project with an initial fixed assets cost of $1.59 million that will be depreciated straight-line to a zero book value over the 10-year life of the project. At the end of the project the equipment will be sold for an estimated $236,000. The project will not change sales but will reduce operating costs by $385,500 per year. The tax rate is 22 percent and the required return is 11.1 percent. The project will require $50,000 in net working capital, which will be recouped when the project ends. What is the project's NPV? Multiple Choice $475,890 $442,826 $392,439 $410,277