A new 5-year project has expected sales of 3,400 units, 8 percent; variable costs per unit of $22, 2%; annual fixed costs of $47,500, 2 percent; annual depreciation of $33,000; and a sale price of $45 a unit, 3 percent. The project initially requires $165,000 of fixed assets and $42,000 of net working capital. At the end of the project, the net working capital will be recouped and the fixed assets will produce an aftertax cash inflow of $35,000. The tax rate is 21 percent and the discount rate is 14 percent. What is the net present value of the optimistic scenario?

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