You are evaluating a capital project for equipment with a total installed cost of $750,000. The...

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You are evaluating a capital project for equipment with a totalinstalled cost of $750,000. The equipment has an estimated life of30 years, with an expected salvage value at the end of the projectof $50,000. The project will be depreciated via simplifiedstraight-line depreciation method. In addition, a working capitalinvestment of $5,000 is required. The project replaces an old pieceof equipment which is currently in service and is fullydepreciated, but has an expected after-tax salvage value of$12,000. After replacing the old equipment, cash savings fromdecreased operating expenses are expected to amount of $200,000 peryear. The firm;s marginal tax rate is 40 percent and the projectcost of capital is 10%. What is the net present value of thisproject? Round to the nearest penny. Do not include a dollar signin your answer.
I would really appreciate your help.

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You are evaluating a capital project for equipment with a totalinstalled cost of $750,000. The equipment has an estimated life of30 years, with an expected salvage value at the end of the projectof $50,000. The project will be depreciated via simplifiedstraight-line depreciation method. In addition, a working capitalinvestment of $5,000 is required. The project replaces an old pieceof equipment which is currently in service and is fullydepreciated, but has an expected after-tax salvage value of$12,000. After replacing the old equipment, cash savings fromdecreased operating expenses are expected to amount of $200,000 peryear. The firm;s marginal tax rate is 40 percent and the projectcost of capital is 10%. What is the net present value of thisproject? Round to the nearest penny. Do not include a dollar signin your answer.I would really appreciate your help.