$12)10$ points Gateway Communications is considering a project with an initial fixed asset cost of $$2\mathrm{.}168$million which will be depreciated straight$-$line to a zero book value over the $10-$year life of the project. lgnorebonus depreciation. At the end of the project the equipment will be sold for an estimated $$495\mathrm{.}000.$ The projectwill not directly produce any sales but will reduce operating costs by $$634\mathrm{.}000$ a year. The tax rate is $21$ percentThe project will require $ $128,000$ of net working capital which will be recouped when the project ends. What isthe net present value at the required rate ofreturn of$14\mathrm{.}3$ percent?A$)$$$668\mathrm{.}019\mathrm{.}24$B$)$$$701\mathrm{.}414\mathrm{.}14$C$)$$$652\mathrm{.}108\mathrm{.}10$D$)$$$570\mathrm{.}475\mathrm{.}57$E$)$ $$657\mathrm{.}345\mathrm{.}35$

Answer: show work