Kolby’s Korndogs is looking at a new sausage system with an installed cost of $735,000. This cost will be depreciated straight-line to zero over the project’s 5 year life, at the end of which the sausage system can be scrapped for $105,000. The sausage system will save the firm $204,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $35,000. If the tax rate is 34%, and the discount rate is 8%, what is the NPV of this project? Figure out the 0-5 year plan for cash flow, purchase price, change in NWC, operating cash flow, after tax salvage valve. total cash flow and PV of cash flow along with the present value of project.