A new electronic process monitor costs $990,000. This cost could be depreciated at 30% per year (Class 10). The monitor

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A new electronic process monitor costs $990,000. This cost could
be depreciated at 30% per year (Class 10). The monitor would
actually be worthless in five years. The new monitor would save
$460,000 per year before taxes and operating costs. If we require a
15% return, what is the NPV of the purchase? Assume a tax rate of
40%. (Do not round intermediate
calculations. Round the final answer to 2 decimal places. Omit $
sign in your response.)
NPV
$