Hakkaburton Mines is considering the purchase of new mining equipment. The equipment will cost $1, 500,000 and will produce added cash flows of $400,000 per year over its 5-year life. The disposal value is expected to be $20,000. The company has a required rate of return of 10%. What is the NPV of the project? $242, 120 $28, 738 $253, 410 $16, 320