Aero Motorcycles is considering opening a new manufacturing facility in Fort Worth to meet the demand for a new line of solar-charged motorcycles (who wants to ride on a cloudy day anyway?) The proposed project has the following features: The firm just spent $300.000 for a marketing study to determine consumer demand (@t-o) Aero Motorcycles purchased the land the factory will be built on 5 years ago for $2,000,000 and owns it outright (that is, it does not have a mortgage). The land has a current market value of $2,546,497 The project has an initial cost of $20,000,000 (excluding land, hint the land is not subject to depreciation) If the project is undertaken, att - the company will need to increase its inventories by $3,500,000, accounts receivable by $1,500,000, and its accounts payable by $2,000,000. This net operating working capital will be recovered at the end of the project's life (t = 10). If the project is undertaken, the company will realize an additional $8,000,000 in sales over each of the next ten years. (ie, sales in each year are $8,000,000) The company's operating cost (not including depreciation) will equal 50% of sales. The company's tax rate is 35 percent Use a 10-year straight-line depreciation schedule. Att - 10, the project is expected to cease being economically viable and the factory (including land) will be sold for $4,500,000 (assume land has a book value equal to the original purchase price) The project's WACC - 10 percent Assume the firm is profitable and able to use any tax credits (ie negative taxes) What is the project's NPV? Round to nearest whole dollar value