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ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $816,000.00 work

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ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $816,000.00 work cell. Further, it will cost the firm $50,700.00 to get the work cell delivered and installed. The work cell will be straght-line deprociated to zero with a 20 -year useful affe. The project will require new employees to be trained at a cost of $59,400.00. The project will also use a piece of equipment the firm already owns. The equipment has been fuly depreciated, but has a market value of $7,200.00. Finaly, the firm will invest $10,800.00 in not working capital to ensure the project has sutticlent resources to be successful. The project will generato annual sales of $900.000.00 with expenses ostimated at 40.00% of sales. Net working capital Will be held constant throughout the project. The tax rate is 38.00%. The work cell is estimated to have a market value of $468,000.00 at the end of the fourth year. The firm expects to roclaim 86.00% of the final NWC position. The cost of eapital is 12.00%. What is the NPV the project it we end the project after 4 years? Answer format: Currency. Round to: 2 decimat places

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