Question: Please help me with this question. Please show me a step-by-step explanation. Total corporate financial projections for a fiscal year with and without a potential

Please help me with this question. Please show me a step-by-step explanation. Please help me with this question. Please show me a step-by-step explanation.

Total corporate financial projections for a fiscal year with and without a potential project are presented below: Item Without project With project Revenues $17,570,000 $20,500,000 Costs -$7,731,000 -$10, 300,000 Depreciation -$3, 163,000 -$4,400,000 The marginal tax brackets for the firm are given in the following table: Over But not over Tax is Of the amount over $0 52.2% $0 $950,000 $1, 727,000 $950,000 $950,000 $495, 900 + 49.1% $877,407 + 46.2% $1, 727,000 $4,934, 000 $1, 727,000 $4,934, 000 $6,676,000 $2,359, 041 + 44.4% $4,934, 000 $6,676,000 $17,570,000 $3, 108, 101 + 40.0% $6,676,000 $17,570,000 $7,509, 277 + 38.0% $17,570,000 The incremental net operating income (i.e. net operating profit after taxes or NOPAT) if the firm pursues this project is $ -487056 (Round to the nearest dollar.)

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