Phone Home, Inc. Is considering a new 5-year expansion project that requires an Initial fixed asset Investment of $2.48 million. The fixed asset will be depreciated straight-line to zero over its 5 -year tax IIfe, after which time it will be worth $500,000. The project is estimated to generate $1 million in annual OCF. The initial NWC requirement is 300,000 . The tax rate is 32 percent and the required return on the project is 11 percent. What is the net present value for this project? Multiple Choice $1,390,658 $1,295,706 $6,500,098 $1,434,217 $1,117,670