1. Your company invested $2 million in marketing campaign to assess the demand for the product Minish. This product will be in the market next year and will last five years. Revenues are projected to be $20 million per year along with expenses of $5 million. You will need to spend $50 million immediately on equipment that will be depreciated using the 5-year MACRS schedule. Additionally, you will use some fully depreciated existing equipment that has a market value of $2 million. Finally, the working capital levels will increase from their current level of $5 million to $ 10 million immediately. They will remain at the elevated level until year 4, when they will return to $5 million. The discount rate for this project is 5% and its tax rate is 25%. Based on this information, please write down the NPV of the project. MACRS rates (%) 20 32 19.2 11.52 11.52 5.76