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8. Dylan's Den is considering manufacturing and selling a new bagel-shaped pizza--thick with a hole in the middle. Development will cost $90,000 and will take

8. Dylan's Den is considering manufacturing and selling a new bagel-shaped pizza--thick with a hole in the middle. Development will cost $90,000 and will take one year. If the pizzas are popular (70% probability) the cash flows will be $40,000 per year for 5 years starting in Year 1. If the pizzas are not a hit (30% probability) the cash flows will be $5,000 per year for 5 years. Calculate the ENPV of the project. Barnes' cost of capital is 9%.

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