Van Doren Corporation is considering producing a new temperature regulator called Digidial. Marketing data indicate that the company will be able to sell 10,000 units per year at $1,500.The product will be produced in a section of an existing factory that is currently not in use. To produce Digidial, Van Doren must buy a machine that costs $1,000,000. The machine has an expected life of 10 years and will have an ending residual value of $30,000. Van Doren will depreciate the machine over ten years using the straight-line method for both tax and financial reporting purposes. In addition to the cost of the machine, the company will incur incremental manufacturing costs of $370,000 for component parts, $500,000 for direct labor, and $200,000 of miscellaneous costs. Van Doren has a tax rate of 20 percent, and the companys required rate of return is 15 percent. A. Compute the Net Present Value of this project.