Question 4 (1 point) A company is considering a new project requiring an upfront fixed-asset investment of $1,000,000 with an economic life of five years. Depreciation is taken on a straight-line basis, with no expected salvage value. Net working capital required immediately is expected to be $100,000 and will be recovered in full upon the project's completion in five years. In the optimistic-scenario forecast, the annual sales volume is 39,000 units, while the sale price is $102 per unit with a variable cost of $40 per unit. Annual fixed costs are estimated to $876,000. If the appropriate discount rate is 10.25% and the tax rate 30%, what is the project's NPV? $2,927,852 $3,009,182 $3,090,511 $3,171,840 $3,253,169