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10] You are evaluating a project that increases your nearterm inventory efficiency. The project will initially cost $2 million in capital expenditures (immediately), and it will be depreciated over three years {straightline) with zero salvage value. You do not anticipate additional capital spending. The firm's marginal tax rate is 35%, and the project's WACC is 30%. Assume that all other net working capital accounts (other than inventory} and capex remain the same. Revenue and Cost of Goods Sold projections are shown below. What is the NPV of this project? Actual (last year] Projected (amour: Is in SmIH'ionsJ 2916 2017 2013 Revenue COGS 40 140 200 150 Inventory Days Dustandfng Base Case 3'0 50 New Project i}- $70,241 ii) $533335 iii) $540,967 iv) $51,134 v) 51,021,729