Scrumptious Chocolate Confections $($SCC$)$ manufactures and distributes fine chocolates and candies. SCC is considering the development of a new line of sugar$-$free truffles. SCC$\text{'}$s CFO has collected the following information regarding the proposed project, which is expected to last $3$ years:

$$ The project can be operated at the company's Spartanburg plant, which is currently vacant.

$$ The project will require that the company spend $$4,400,000$ today $($t $-0)$ to purchase additional equipment. The machinery is eligible for $100\%$ bonus depreciation at t $-0($in other words, you can assume that the project operates under the tax bill passed in $2017),$ so it will be fully depreciated at the time of purchase, which means that there will be no depreciation expense after t $-0.$ The company plans to use the equipment for all $3$ years of the project. At t $-3($which is the project's last year of operation$),$ the equipment is expected to be sold for $$1,750,000$ before taxes.

$$ The project will require an increase in net operating working capital of $$275,000$ at t $=0.$

The cost of the working capital will be fully recovered at t $-3($which is the project's last year of operation$).$

$$ Expected sugar$-$free truffle sales are as follows:

Sales

Year $1-$ $$2\mathrm{.}850,000$

Year $2-3,325,000$

Year $3-4,475,000$

The project's annual operating costs are expected to be $60\%$ of sales.

$$ The company's tax rate is $25\%.$

$$ The project has a WACC $-10\mathrm{.}0\%.$

What is the proposed project's NPV$?$

$-$$$483\mathrm{.}095\mathrm{.}42$

$+$$ $21,393\mathrm{.}69$

$+$$$124,699\mathrm{.}48$

$+$$$228,005\mathrm{.}26$

$+$$$296,393\mathrm{.}69$