Scheffler$$Co$.$ is evaluating a new $4-$year project with an initial investment of $$1,500,000$ on equipment. The company believes that annual sales will be $$2,630,000,$ and costs will be $30$percent of sales. The tax rate is $21$percent$,$ and the required return is $11$ percent. What is the project$$s NPV$?$

$$Asset investment $$1,500,000$Estimated annual sales $$2,630,000$Costs$30\%$Tax rate$21\%$Project and asset life $4$Required return$11\%$Output area:$$Sales $$2,630,000$Costs $789,000$Depreciation$$EBT$$Taxes$$Net income$$OCF$$NPV$$