Question 4 (of 5) value 10.00 points Derick Merson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's three years. Derrick is considering a investment has been last investment in equipment a budgeting project require a s4,000,000 follows: rate is 16%. useful life years and no salvage value. Holston Company's The project would provide net operating income each year for five years as Sales 3,300,000 Variable expenses 1,400,000 Contribution margin 1,900,000 Fixed expenses Advertising, salaries, and other fixed costs Depreciation $660,000 660,000 Total fixed expenses 1,320,000 Net operating income 580,000 Click here to view Exhibit 11B-1 and Exhibit 11B2, to determine the appropriate discount factor(s) using tables. Required: Compute the projects net present value. (Use the appropriate table to determine the discount est dollar amount