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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 $822,500.00 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 $822,500.00 work cell Further, it will cost the firm $53,800.00 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 $51,300.00. The project will also use a piece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $7,000,00 Finally, the firm will invest $10,600.00 in net working capital to ensure the project has sufficient resources to be successful The project will generate annual sales of $915,000.00 with expenses estimated at 39.00% of sales Net working capital will be held constant throughout the project. The tax rate is 37.00% The work cell is estimated to have a market value of $483,000,00 at the end of the fourth year. The firm expects to reclaim 88.00% of the final NWC position The cost of capital is 10.00% What is the terminal cash flow for the project? Submit Answer format: CurrencyRound to 2 decimal places

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