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ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The pro;oct will require the purchase of a $774,500.00 work

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ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The pro;oct will require the purchase of a $774,500.00 work cell. Further, it will cost the firm $50,500.00 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 $69,200.00. 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 $6,500.00. Finally, the firm will invest $10,200.00 in net working capital to ensure the project has sufficient resources to be successful, The project will generate anmual sales of $924,000.00 with expenses estimated at 38.00% of 3a les. Net working capital will be held constant throughout the project. The tax rate is 37.00%. The work celi is estimated to have a market value of $466,000.00 at the end of the fourth year. The firm expects to reclaim 87.00% of the final NWC position. The cost of capitel is 15.00%. What is the terminal cash flow for the project? Answer format: Currency: Round to: 2 decimal places

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