39. T&T Inc. is analyzing the financial performance of its telecommunications network infrastructure. The company invested $1 billion in upgrading its network equipment and infrastructure during the fiscal year. As a result of the investments, AT&T expects to achieve annual cost savings of $200 million and generate additional revenue of $300 million. Calculate the net present value (NPV) of the network infrastructure upgrade project at a discount rate of 8%, and discuss the implications of the NPV results on AT&T's capital allocation decisions and long-term growth strategy.