Kolbys Korndogs is looking at a new sausage system with an installed cost of $735,000. This cost will be depreciated straight-line to zero over the projects 5 year life, at the end of which the sausage system can be scrapped for $105,000. The sausage system will save the firm $204,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $35,000. If the tax rate is 34%, and the discount rate is 8%, what is the NPV of this project? using the posted excel sheet

operating Cash Flow After Tax salvage value purchase price Change in NWC operating Cash Flow After tax salvage value Total Cash Flows of Cash Flows et Present Value of Project- Annual savin Sales proceeds tax on gain (Depreciation