New Tech (NT) is looking to expand its business. The new business would generate $600,000 per year in sales ove the next 5 years. Annual costs would increase by $200,000. An investment in working capital of $10,000 would have to be made initially (and be recovered at the end of the project). The equipment (CCA rate of 30%, half-year rule applies) would cost $500,000. NT estimates that it would be possible to sell the equipment for 20% of its initial value at the end of 5 years. If NT's cost of capital is 10% and its tax rate is 25%, what is the NPV of this project? (answer positive number with no decimal and no comma nor dollar sign.

(SHOW YOUR WORK MATHMATICAL CALCULATIONS. DO NOT USE EXCEL). The correct answer is 773146 I would like to know how you get that by showing your work.