Gateway Communications is considering a project with an initial fixed assets cost of $$1\mathrm{.}63$ million that will be depreciated straight$-$line to a zero book value over the $10-$year life of the project. At the end of the project the equipment will be sold for an estimated $$233,000.$ The project will not change sales but will reduce operating costs by $$384,000$ per year. The tax rate is $24$ percent and the required return is $10\mathrm{.}8$ percent. The project will require $$48,500$ in net working capital, which will be recouped when the project ends. What is the project's NPV$?$

Multiple Choice

$$399,054$

$$367,946$

$$428,850$

$$415,017$

$$351,948$