A Company plans to invest in a new manufacturing project over the next 9 years. The project will require an initial investment of $135 000, and an additional investment of $34 000 in year 4. Starting in year 2, the company will reduce their labour costs by $11500 a year for the next 4 years and $6000 a year for the next 3 years. At the end of the project, there will be a residual value of $18 000. If the company's cost of capital is 12% calculate the net prestent value for this project, and determine if the project was profitable for the company. Show all Cash Flow Entries,