After spending $10,700 on client development you have just been offered a big production contract by a new client. The contract will add $195,000 to your revenues for each of the next five years and it will cost you $101.000 per year to make the additional product. You wil have to use some existing equipment and buy new equipment as well. The existing equipment a fully depreciated, but could be sold for $45.000 now. If you use it in the project will be worthless at the end of the project. You will buy new equipment valued at $29.000 and use the 5-year MACRS schedule to depreciate it will be worthless at the end of the project. Your current production manager earns $80,000 per yoar. Since she is busy with ongoing projects, you are planning to hire an assistant at $41,000 per year to help with the expansion. You will have to immediately increase your Inventory from $20,000 to $30,000 it wil return to $20.000 at the end of the project. Your company's tax rate is 215 and your discount rate is 14.4% What is the NPV of the contract? Note Assume that the outment is put into use in year 1.) Calculate the tree cash flows below for years through 2: