Question: A company is considering a project that would require the purchase of an asset for $900,000. The company expects the project to generate cost savings.

A company is considering a project that would require the purchase of an asset for $900,000. The company expects the project to generate cost savings. Assume the following: PVCCATS = $225,000; Present Value of Salvage Value = $45,000; Present Value of After-tax Savings = $675,000. What is the NPV for this project?

Please do not round intermediate calculations. Round the final answer to 2 decimal places.

Please show all your steps that you take to resolve this. Please be very clear, so that I understand what steps you take. If typing, please bold your responses per step. Make sure to follow all rounding instructions.

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