Masters Mining is considering the purchase of some new equipment that will expand their business. The revenues and expenditures associated with that expansion are listed below (negative numbers in parentheses). Find the Net Present Value of this expansion project and indicate whether you advise Miller to adopt the project. Time 0 1 2 3 Equipment ($1,200,000) Installation ($50,000) Change in NOWC ($80,000) Sales $1,370,000 $1,450,000 $1,554,000 - non-depreciable Costs ($900,000) ($912,000) ($944,000) - Depreciation & Amortization ($412,500) ($562,500) ($187,500) -Tax ($20,126) $8,576 ($147,876) Salvage $290,000 - Capital Gains Tax ($70,876) Return NOWC $80,000 Cash Flow WACC 13.00% NPV