Question 17 1 pts Gateway Communications is considering a project with an initial fixed asset cost of $1.4 million which will be depreciated straight-line to a zero book value over the 4- year life of the project. At the end of the project the equipment will be sold for an estimated $300,000. The project will not directly produce any sales but will reduce operating costs by $620,000 a year. The tax rate is 35 percent. The project will require $45,000 of net working capital which will be recouped when the project ends. Should this project be implemented if the firm requires a 12 percent rate of return? Why or why not? No; The NPV is - $172,937.49. No; The NPV is -$87.820.48. Yes: The NPV is $251.860.34 Yes: The NPV is $303,651.42 Yes: The NPV is $466.940.57