MC algo 10-29 Cash Flows And NPV Gateway Communications is considering a project with an initial fixed assets cost of $1.46 million that will be depreciated straight-line to a zero book value over the 9 . year life of the project. At the end of the project the equipment will be sold for an estimated $249,000. The project will not change sales but will reduce operating costs by $417,000 per year. The tax rate is 25 percent and the required return is 12.4 percent. The project will require $56,500 in net working capital, which will be recouped when the project ends. What is the project's NPV? Multiple Choice $459,435 $422,667 $477.813 $404,290