A company has two potential Products to bring to the market.

You estimate that First one will cost $47,429 up front to set up, whereas Second one will cost $38,843 up front. The expected cash flows from those two boot designs over the life of the boots can be found in the table below. Both projects have similar risks to current projects at the company therefore the appropriate discount rate for both projects should be our current WACC of 12.76%.

Calculate the net present value of both projects, and enter in the box below, that is how much will the firms value increase if they are independant projects. (please enter the amount to the nearest penny).

	First one	Second one
Year 1	$21,317	$18,012
Year 2	$17,076	$16,392
Year 3	$10,655	$11,582
Year 4	$13,097	$11,763
Year 5	$10,247	$5,594