Milton Industries wants to purchase new equipment that has a quoted price of $1,000,000. Milton estimates an additional cost of $95.000 will be needed today to have the equipment modified, shipped, and installed. The purchase of this additional equipment will require Milton to invest an estimated $65.000 in net working capital upfront, and this investment should be recovered when Milton sells the equipment. If purchased, the equipment will be employed for a total of five years, and then sold for an estimated $680,000. The equipment will be depreciated straight-line on a five-year schedule. During each of the years that the equipment is in service, it is expected to boost Milton's sales revenue by $278,000 though annual operating costs (other than depreciation) are also expected to be higher, to the extent of $74,000. Milton faces a marginal tax rate of 2596, and its cost of capital is 7.000. The NPV of this project will be zero if Milton's cost of capital were: 9.5896 8.6296 9.22% 10.00% 10.9794