1 Year 0 1 2 3 4 5 2 Revenues 13,000 13,000 13,000 13,000 0 3 Costs of Goods Sold -5,500 -5,500 -5,500 -5,500 0 4 Gross Profit 7,500 7,500 7,500 7,500 0 5 Selling, General, and Administrative -2,800 -2,800 -2,800 -2,800 0 6 Depreciation -1,500 -1,500 -1,500 -1,500 -1,500 7 EBIT 3,200 3,200 3,200 3,200 -1,500 8 Income Tax at 40% -1,280 -1,280 -1,280 -1,280 600 9 Incremental Earnings 1,920 1,920 1,920 1,920 -900 10 Add Back Depreciation 1,500 1,500 1,500 1,500 1,500 11 Purchase of Equipment -7,500 12 Subtract Changes in NWC -1,125 0 0 0 1,125 13 Incremental Free Cash Flows - 7,500 2.295 3,420 3,420 3,420 1,725 Based upon the chart above, calculate Ripples NPV to the nearest whole dollar Note - required return = 6%