The Anderson Airlines Group is analyzing a project that has projected incremental sales of $$1,600,000$ per

year and incremental costs of $$980,000$ per year. The project requires an initial upfront investment in net

working capital $($NWC$)$ of $$25,000.$ No other investments in NWC are anticipated. Fixed assets of

$$2,000,000$ are needed and belong in a $20\%$ CCA class. Assume that the asset class will remain open. The

project has a life of five $(5)$ years. At the end of the five years, the equipment has an estimated market value

of $$780,000.$ The company has a cost of capital of $12\%$ and is in the $35\%$ marginal tax bracket. Assume

that NWC will be recovered at the end of the project and that the half$-$year rule is in effect.

$1.$ What is the present value of the after$-$tax operating cash flow ignoring the impact of depreciation?

A$)$ $$1,409,787$

B$)$ $$1,436,812$

C$)$ $$1,452,725$

D$)$ $$1,470,773$

E$)$ $$1,487,282$

$2.$ Pretend that your answer to the previous question is exactly $$1,500,000.$ What would be the NPV of

the project?

A$)$ $$239,275$

B$)$ $$249,024$

C$)$ $$274,049$

D$)$ $$287,779$

E$)$ $$318,282$

I already get the answer for #$1($C$)1452725.$ Please calculate #$2,$ Ans: $$249024.$ Please do not assume the answer and do not use excel. I am so disappointed with the previous wrong answers given by the expert $.$ This is my second time asking this question.