Salvage value after 5 years = $400,000 N= 7 year life 5. Given: First cost = $1,000,000 Annual O&M costs of $250,000/year Annual savings of $300,000/year After-tax MARR = 4% CCA rate = 20% Taxes = 35% Purchased in 2022 What is the after-tax Net Present Value (NPV)