2 - 54 You are asked to evaluate the following project for a corporation with profitable ongoing operations. The required investment on January 1 of this year is $43.000 The firm will depreciate the investment at a CCA rate of 20 percent. The fem is in the 40 percent tax bracket The price of the product on January 1 will be $113 per unit. That price will stay constant in real terms Labour costs will be $1.00 per hour on January 1 They will increase at 15 percent per year in real terms Energy costs wil be $615 per physical unit on January they will increase at 25 percent per year in real terms. The inflation rate is 36 percent. Revenue is received and costs are paid at year- end Year 3 Physical production, in units Inergy put, physical units The risk-free nominal discount rate is 8.9 percent. The real discount rate for costs and revenues is 5.9 percent Calculate the NPV of this project (Do not round intermediete calculations. Round the answer to 2 decimal pleces. Negative amount should be indicated by a minus sign. Omit $ sign in your response.) Net present value