1st and 2nd pic is steps on how to do the problem

3rd pic is the actual problem

ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $750,000 work cell. Further, it will cost the firm $50,000 to get the work cell delivered and installed. The work cell will be straight-line depreciated to zero with a 20-year useful life. The project will require new employees to be trained at 1 cost of $60,000. The project will also use a piece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $5,000. Finally, the firm will invest $10,000 in net working capital to ensure the project has sufficient resources to be successful. The tax rate facing the firm is 40%. The project will generate annual sales of $900,000 with expenses estimated at 40% of sales. Net working capital will be held constant at $10,000 throughout the project. The tax rate is 40%. The work cell is estimated to have a market value of $500,000 at the end of the fourth year. Further, the firm expects to reclaim 80% of the final NWC position for the project. The cost of capital is 12% If the cost of capital is 12%, what is the NPV the project if we end the project after 4 years? FCF FCF FCF NPV- (1+r):*(1 + r) Where: FCF, = $340,000 + TCF, = $340,000 + $564,000 = $904,000 (1 + r)* + FCF $340,000 $340,000 NPV = (112) (112) $904,000 (1.12) $849,000 - $542,130,97 USINO FINANCIAL CALCULATOR: CFO-849000,001 = 340000, F01 = 3,CO2 904000,7 = 12.CPT NPV = 542130.97 The project will generate annual sales of $900,000 with expenses estimated at 40% of sales. Net working capital will be held constant at $10,000 throughout the project. The tax rate is 40%. The work cell is estimated to have a market value of $500,000 at the end of the fourth year. Further, the fimm expects to reclaim 80% of the final NWC position for the project. The cost of capital is 12%. If the cost of capital is 12%, what is the NPV the project if we end the project after 4 years? FCF FCF2 FCF4 NPV = + ... + + (1+r)2 + FCF (1 + r)1 (1+r)* Where: FCF = $340,000+ TCF = $340,000+ $564,000 = $904,000 $340,000 $340,000 $904,000 NPV = + +++ (1.12) (1.12) (1.12) $849,000 = $542,130.97 USING FINANCIAL CALCULATOR: CFO = -849000, C01 = 340000, F01 = 3,002 = 904000.1 = 12, CPT NPV = 542130.97 USING EXCEL: -PV(12%,4,340000,564000,0)-849000-S542130.97 ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase a $791,800.00 work cell. Further, it will cost the firm $51,300.00 to get the work cell delivered and installed. The work cell will be straight-line depreciated to zero with a 20-year useful life. The project will require new employees to be trained at a cost of $65,600.00. The project will also use a plece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $6,500.00. Finally, the firm will invest $10,000.00 in net working capital to ensure the project has sufficient resources to be successful The project will generate annual sales of $904,000.00 with expenses estimated at 36.00% of sales. Net working capital will be held constant throughout the project. The tax rate is 40.00% The work cell is estimated to have a market value of $465,000.00 at the end of the fourth year The firm expects to reclaim 81.00% of the final NWC position The cost of capital is 1300%. What is the NPV the project if we end the project after 4 years? Submit Answer format: Currency Round to 2 decimal places