Tranter, Inc., is considering a project that would have a ten$-$year life and would require a $$1,200,000$ investment in equipment. At the end of ten years, the project would terminate and the equipment would have salvage value of $$100,000.$ The project requires working capital of $$200,000$ that would be released at the end of the project. The project would provide net operating income each year as follows:Sales$2,500,000$Variable Expenses$1,000,000$Contribution Margin$1,500,000$Fixed Expenses:Out of Pocket Cash$400,000$Depreciation$100,000500,000$Net Operating Income$1,000,000$Which All of the above items, except for depreciation, represent cash flows. The company's required rate of return is $10\%.$Compute the project's net present value. $(5$ points$)$