2. (2 points) Your company is considering to undertake a new project that will last for 4 years. Initial investment is $16K, that will depreciate to zero straight line over the life of the project with a market value of $X that can be obtained in year 4, Tax rate is 34%. The following table gives the remaining costs and benefits of the project Year 1 7,500 2,400 250 Year 3 9,500 2,700 200 Year 4 7,000 2,200 750 ear 2 Sales Costs Increase in NWC 9,000 2,500 300 What should be X for the NPV of the project to be positive if r=12%