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Abandonment Decisions Consider the following project for Hand Clapper, Inc. The company s considering a four-year project to manufacture clap-command garage door openers. This project equires an initial investment of $10 million that will be depreciated straight-line to zero over the project's life. An initial investment in net working capital of $1.3 million is required to support spare parts inventory; this cost is fully recoverable whenever the project ends. The company believes it an generate $7.35 million in pretax revenues with $2.4 million in total pretax operating costs. The ax rate is 38 percent, and the discount rate is 16 percent. The market value of the equipment over the life of the project is as follows