Howell Petroleum is considering a new project that complements its existing business. The machine required for the project costs $3.96 million. The marketing department predicts that sales related to the project will be $2.66 million per year for the next four years, after which the market will cease to exist. The machine will be depreciated down to zero over its four-year economic life using the straight-line method. Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales. Howell also needs to add net working capital of $310,000 immediately. The additional net working capital will be recovered in full at the end of the project