Your firm is contemplating the purchase of a new $1,628,000 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $158,400 at the end of that time. You will be able to reduce working capital by $220,000 (this is a one-time reduction). The tax rate is 32 percent and your required return on the project is 23 percent and your pretax cost savings are $545,650 per year.

Requirement 1:

What is the NPV of this project?

(Click to select)

$115,579.16

$-121,358.11

$-112,111.78

$-109,800.20

$-119,046.53

Requirement 2:

What is the NPV if the pretax cost savings are $757,850 per year?

(Click to select)

$288,950.78

$280,282.26

$274,503.24

$303,398.32

$297,619.30

Requirement 3:

At what level of pretax cost savings would you be indifferent between accepting the project and not accepting it?

(Click to select)

$575,964.23

$606,278.14

$588,068.12

$516,461.13

$636,592.05

Please do not copy from Chegg otherwise I have to report the answer. Explain the answer thoroughly by showing each step of the calculation.