Question 1 (1 point) Your firm is considering a new project. The project would last for 10 years. Your firm would have to purchase a new piece of equipment. The equipment costs $1,450,000. The equipment could be sold at the end of the project for $250,000. The project would generate revenues of $960,000 per year and it would have operating costs of $456,000 per year. The company would have to invest $169,000 in operating net working capital initially. Operating net working capital would remain at this level throughout the life of the project. The project's required rate of return is 10.0%. The tax rate is 36%. The CCA rate is 35%. What is the present value of the salvage value