Please give answer using manual calculation and not using excel or financial calculator.

Gateway Communications is considering a project with an initial fixed assets cost of $155 million that will be depreciated straight-line to a zero book value over the year life of the project. At the end of the project the equipment will be sold for an estimated $240,000. The project will not change sales but will reduce operating costs by $399.000 per year. The tax rate is 34 percent and the required return is 115 percent The project will require $52.000 in net working capital, which will be recouped when the project ends. What is the project's NPV? Multiple Choice 5257703 O $215433 $275945 $268 01 $225.225