Calibration Inc. is considering a new four year expansion project that requires an initial fixed asset investment of $3.5 million. The fixed asset will be depreciated straight line to zero over its 4 year tax life. at the end of this project, the fixed asset can be sold at a market value of $225,000. The project requires an initial investment and working capital of $330,000 All of which will be recovered at the end of the project. The project is estimated to generate $2,640,000 in annual sales with cost of $1,056,000. The tax rate is 30% and the require return for the project is 14%. What is the net present value for this project? select the choice that is closest to your answer