A firm spent 5 years and R1 million to develop a new line of sportswear. Project evaluation for a 5 -year project has shown that sales revenue in their existing line is expected to decrease by R55 000 per annum if they launch the new line. They already own the warehouse that would house the necessary equipment to produce the new line but could also sell the warehouse for a value of R250 o00 if they of nat proceed with the project. Calculate the total present value of the relevant costs, assuming a discount rate of too Answer correct to two decimal places