Gateway Communications is considering a project with an initial fixed asset cost of $$2\mathrm{.}46$ million which will be depreciated straight$-$line to a zero book value over the $10-$year life of the project. At the end of the project the equipment is scrapped. The project will increase pre$-$tax revenues to the firm by $$725,000$ a year. The tax rate is $35$ percent. If the firm requires a $15$ percent rate of return what is the Net Present Value of this project?

Gateway Communications is considering a project with an initial fixed asset cost of $$2\mathrm{.}46$ million which will be depreciated straight$-$line to a zero book value over the $10-$year life of the project. At the end of the project the equipment is scrapped. The project will increase pre$-$tax revenues to the firm by $$725,000$ a year. The tax rate is $35$ percent. If the firm requires a $15$ percent rate of return what is the Net Present Value of this project?

$$251,860\mathrm{.}34$

$-$$$172,937\mathrm{.}49$

$$447,202\mathrm{.}05$

$-$$$87,820\mathrm{.}48$

$$337,210\mathrm{.}69$