Gateway Communications is considering a project with an initial fixed assets cost of $$1\mathrm{.}69$ million that will be depreciated straight$-$line to a zero book value over the $10-$year life of the project. At the end of the project the equipment will be sold for an estimated $$230,000.$ The project will not change sales but will reduce operating costs by $$382,500$ per year. The tax rate is $21$ percent and the required return is $10\mathrm{.}5$ percent. The project will require $$47,000$ in net working capital, which will be recouped when the project ends. What is the project's NPV$?$

Multiple Choice

$$361,797$

$$438,384$

$$378,242$

$$407,925$

$$424,242$