1. We believe we can sell 90,000 home security devices per year at $150 per piece. They cost $130 to manufacture (variable cost). Fixed production costs run $215,000 per year. The necessary equipment costs $785,000 to buy and would be depreciated at a 25 percent CCA rate. The equipment would have a zero salvage value after the five-year life of the project. We need to invest $140,000 in net working capital up front; no additional net working capital investment is necessary. The discount rate is 19 percent, and the tax rate is 35 percent. What is the NPV of the project? (Do not round your intermediate calculations. Round the final answer to 2 decimal places.)