Gateway Communications is considering o project wish on initial fived assets cost of $1.53 miltion that wit be depreciated straight-line to a zero book volue over the 9-year kfe of the project. At the end of the project the equipment wal be sold for an estimated $242,000. The project will not change soles but will reduce operating costs by $403,000 per year. The tax rate is 40 percent and the required feturn is 11.7 percent The project Will require $53,000 in net working capitst which will be recouped when the project ends. What is the project's NPV? Mulnow Chner. 5159,054 120060