The Bruin's Den Outdoor Gear is considering a new $7-$year project to produce a new tent line. The equipment necessary would cost $$1\mathrm{.}67$ million and be depreciated using straight$-$line depreciation to a book value of zero. At the end of the project, the equipment can be sold for $10$ percent of its initial cost. The company believes that it can sell $27,000$ tents per year at a price of $$71$ and variable costs of $$31$ per tent. The fixed costs will be $$465,000$ per year. The project will require an initial investment in net working capital of $$221,000$ that will be recovered at the end of the project. The required rate of return is $11\mathrm{.}4$ percent and the tax rate is $21$ percent. What is the NPV$?$

Multiple Choice

$$705,993$

$$767,958$

$$988,958$

$$784,430$

$$885,159$