Given the following information and assuming straight-line depreciation to zero, what is the NPV for this project?

• Initial investment in fixed assets = $800,000
• initial investment in net working capital = $200,000
• life = 4 years
• cost savings = $400,000 per year
• salvage value = $10,000
• tax rate = 35%
• discount rate = 12%

$ 95,101

$105,967

$133,600

$187,098

$418,198