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A firm has projected the following financials for a possible project: YEAR 0 1 2 3 4 5 Sales 127,244.00 127,244.00 127,244.00 127,244.00 127,244.00 Cost

A firm has projected the following financials for a possible project:

YEAR 0 1 2 3 4 5
Sales 127,244.00 127,244.00 127,244.00 127,244.00 127,244.00
Cost of Goods 63,531.00 63,531.00 63,531.00 63,531.00 63,531.00
S&A 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Depreciation 22,240.20 22,240.20 22,240.20 22,240.20 22,240.20
Investment in NWC 1,146.00 503.00 503.00 503.00 503.00 503.00
Investment in Gross PPE 111,201.00

The firm has a capital structure of 33.00% debt and 67.00% equity. The cost of debt is 9.00%, while the cost of equity is estimated at 14.00%. The tax rate facing the firm is 39.00%. (Assume that you can't recover the final NWC position in year 5. i.e. only consider the change in NWC for each year)

What is the NPV of the project? (Hint: Be careful about rounding the WACC here!)

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