$\backslash$table$[[,,2,$dots,$9,10],[$Sales revenue,$25\mathrm{.}000,25\mathrm{.}000,,25\mathrm{.}000,25\mathrm{.}000],[-$ Cost of goods sold,$15\mathrm{.}000,15\mathrm{.}000,15\mathrm{.}000,15\mathrm{.}000,],[$Gross profit,$10\mathrm{.}000,10\mathrm{.}000,,10\mathrm{.}000,10\mathrm{.}000],[-$ General, sales, and administrative expenses,$2\mathrm{.}400,2\mathrm{.}400,2\mathrm{.}400,2\mathrm{.}400,],[-$ Depreciation,$3\mathrm{.}000,3\mathrm{.}000,3\mathrm{.}000,3\mathrm{.}000,],[$Net operating income,$4\mathrm{.}6000,4\mathrm{.}6000,4\mathrm{.}6000,4\mathrm{.}6000,],[-$ Income tax,$1\mathrm{.}61,1\mathrm{.}61,1\mathrm{.}61,1\mathrm{.}61,],[$Net income,$2\mathrm{.}990,2\mathrm{.}990,2\mathrm{.}990,2\mathrm{.}990,]]$ more work to be done! to the project, but you know that $$1\mathrm{.}2$ million of this amount is overhead that will be incurred even if the project is not accepted. Finally, you know that accounting earnings are not the right thing to focus on$!$

b$.$ If the cost of capital for this project is $16\%,$ what is your estimate of the value of the new project?