The Boring Corporation is considering a 3-year project with an initial cost of $1,080,000. The project will not directly produce any sales but will reduce operating costs by $640,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $162,000. The tax rate is 34 percent. The project will require $30,000 in extra inventory for spare parts and accessories. Should this project be implemented if The Boring Corporation requires a rate of return of 18 percent? Why or why not? Multiple Choice yes; The NPV is $278,520.00 no; The NPV is $187,877.63 yes; The NPV is $157,877.63 Multiple Choice yes; The NPV is $278,520.00 no; The NPV is $187,877.63 yes; The NPV is $157,877.63 yes; The NPV is $25,157.15 yes; The NPV is $288,911.60