Aher spending $10,600 on cient-Geveiopment, you have just been olfored a big production contract by a new client. The contract will add $206,000 to yout revenues for each of the next fre years and it will cost you $102,000 per year to make the additional product. You will have to use some existing equipment and buy new equpment as well. The existing equipment is filly depreciated, but could be sold for $54,000 now. If you use is in the project, it wit be worthless at the end of the project. You will buy new equipment valued at $27,000 and use the 5y ar MACRS schedule to depreciate at. It wil be worthless at the end of the project. Your current production manager earns 584,000 per year, $ ince she is busy with ongoing projects, you are planning to hire an assigtant at $44,000 per year to help with the oxpansion, You will have to immediately increase your inventory from $20,000 to $30,000. It will return to $20,000 at the ond of the projoct. Your company's tax rate is 21% and your discount rale is 14.8%. What is the NPV of the contract? (Note: Assume that the equipment is put into use in year 1 ) Caloulate the tree cash fows below for years 0 through 2. (Round to the neacest dollar.)