1. Your corporation is considering investing in a new product line. The annual revenues for the new product line are expected to be $319,463.00 with variable costs equal to 50% of these sales. In addition to fixed costs associated with this new product line are expected to be $45,864.00. The old equipment currently has no market value. The new equipment cost is $71,963.00. The new equipment will be depreciated to zero using straight-line depreciation for the three-year life of the project. At the end of the project the equipment is expected to have a salvage value of $23,872.00. An increase in net working capital of $64,040.00 is also required for the life of the project. The corporation has a beta of 1.121, a tax rate of 32.16%, and a target capital structure consisting of 30.48% equity and 69.52% debt. Treasury securities have a yield of 3.33% and the expected return on market is 10.90%. In addition, the company currently has outstanding bonds that have a yield to maturity of 8.42%. a)What is the NPV for this project