Madison Manufacturing is considering a new machine that costs $3,680,000.0 and would reduce pre-tax manufacturing costs by $1,226,667.0 annually. Madison would use the 3-year MACRS method to depreciate the machine, and management thinks the machine would have a value of $441,600.0 at the end of its 5-year operating life. The applicable depreciation rates are 33.33%, 44.45%, 14.81%, and 7.42%. Working capital would increase by $552,000.0 initially, but it would be recovered at the end of the projects 5-year life. Madisons marginal tax rate is 20.00%, and a 9.00% WACC is appropriate for the project. How much is year 4 Net Operating Profit after Tax (NOPAT)? $2,874,438 $763,183 $44,855 $348,282 $570,702