We are evaluating a project that costs $$880,000,$ has a life of$11$ years, and has no salvage value. Assume that depreciation is straight$-$line to zero over the life of the project. Sales are projected at $82,000$ units per year. Price per unit is $$45,$ variable cost per unit is $$20,$ and fixed costs are $$880,880$ per year. The tax rate is $24$ percent, and we require a return of $15$ percent$$on this project.