Gateway Communications is considering a project with an initial fixed assets cost of $1.73 million that will be depreciated straight-line to a zero book value over the 10-year life of the project. At the end of the project the equipment will be sold for an estimated $231,000. The project will not change sales but will reduce operating costs by $383,000 per year. The tax rate is 22 percent and the required return is 10.6 percent. The project will require $47,500 in net working capital, which will be recouped when the project ends. What is the project's NPV? $379,353 $367,115 $352,996 $308,803 $322,839