You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per abalone = $43.40 Variable costs per abalone = $10.65 Fixed costs per year = $450,000 Depreciation per year = $134,000 Tax rate = 24% The discount rate for the company is 16 percent, the initial investment in equipment is $938,000, and the project's economic life is 7 years. Assume the equipment is depreciated on a straight-line basis over the project's life and has no salvage value