The answer is 116250. How do we get to 116250?

Consider bidding for a project to supply 85 million postage stamps per year to USPS for the next five years. You have an idle parcel of land available at that cost $0.8 million 5 years ago, if the land was sold today, it would net you $1 million after tax. You will need to install $2.9 million in new manufacturing plant and equipment to produce the stamps; this equipment is considered a 5-year property for depreciation purposes which will be done according to MACRS. The MACRS rates are 2, 32, 192, 1152, 1152, and .0576, for Years 1 to 6, respectively. The equipment can be sold for $550,000 at the end of the project. You will also need $400,000 for working capital initially and $45,000 in every year thereafter. Your variable cost is half a cent for each stamp and your fixed cost is $100,000 per year. If your tax rate is 34 percent, your required return on this project is 10.7 percent, and you bid $0.021 for each stamp, then the NPV of the project is $ Round the result to the nearest integer. Consider bidding for a project to supply 85 million postage stamps per year to USPS for the next five years. You have an idle parcel of land available at that cost $0.8 million 5 years ago, if the land was sold today, it would net you $1 million after tax. You will need to install $2.9 million in new manufacturing plant and equipment to produce the stamps; this equipment is considered a 5-year property for depreciation purposes which will be done according to MACRS. The MACRS rates are 2, 32, 192, 1152, 1152, and .0576, for Years 1 to 6, respectively. The equipment can be sold for $550,000 at the end of the project. You will also need $400,000 for working capital initially and $45,000 in every year thereafter. Your variable cost is half a cent for each stamp and your fixed cost is $100,000 per year. If your tax rate is 34 percent, your required return on this project is 10.7 percent, and you bid $0.021 for each stamp, then the NPV of the project is $ Round the result to the nearest integer