Joe Biden Corp. is considering a project with an initial fixed asset cost of $1.5 million which 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 $300,000. The project will not directly produce any sales but will reduce operating costs by $400,000 a year. The tax rate is 21 percent. The project will require $45,000 of inventory which will be recouped when the project ends. Should this project be implemented if the firm requires a 13 percent rate of return? Why or why not? Yes, The NPV is $423,693.52 Yes; The NPV is $40,570.06 Yes; The NPV is $143,560.84 No; The NPV is $74.814.56 No; The NPV is $1,004,710.21