One company is considering a three-year project with an initial cost of 618,000 euros. The project will not generate any revenue directly, but will reduce operating costs by 265,000 euros per year. The equipment is amortized according to the Italian amortization method and is amortized according to the final book value over the life of the project. When the project is completed, the equipment will cost an estimated 60,000 euros, with a 34 percent tax rate. The project provides 23,000 euros for spare parts and additional inventory of accessories. If the business owner is demanding a 9% return, should the project be executed? Why or why not?

I need a specific solution, and the answer is 27,354 net present value