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A9 O Attempts ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of

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A9 O Attempts ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $784,600.00 work cel. Further, it will cost the firm $56,800.00 to get the work cell delivered and installed. The work cell will be straight-line depreciated to zero with a 20-year useful life. The project will require new employees to be trained at a cost of $56,600.00. The project will also use a plece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $5,400.00. Finally, the firm will invest $11,500.00 in net working capital to ensure the project has sufficient resources to be successful. The project will generate annual sales of S912,000.00 with expenses estimated at 37.00% of sales. Net working capital will be held constant throughout the project. The tax rate is 36.00%. The work cell is estimated to have a market value of $473,000.00 at the end of the fourth year. The firm expects to reclaim 89.00% of the final NWC position. The cost of capital is 12.00% What is the cash flow to start the project in year 07 Submit Answer format: Currency: Round to: 2 decimal places

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