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Andronicus Corporation ( AC ) has the following jumbled information about an investment proposal: Revenues in each of years 1 4 = $ 2 2

Andronicus Corporation (AC) has the following jumbled information about an investment proposal:
Revenues in each of years 14= $22,000
Year 0 initial investment = $42,000
Inventory level = $11,000 in year 1, $11,700 in year 2, and $6,000 in year 3
Production costs = $7,600 in each of years 14
Salvage value = $12,200 in year 4
Depreciation =100% immediate bonus depreciation
Tax rate =21%
There is an additional 6-month lag for all cash flows after year 0. For example, customers pay consistently with a 6-month lag, as AC does for production costs, taxes, etc.
Draw up a set of cash flow forecasts as in Table 6.4. If the cost of capital is 12%, what is the projects NPV? Assume that, if the project generates losses, those losses can be used to offset profits for tax purposes elsewhere in the business.
Note: Do not round your intermediate calculations. Round your final answer to the nearest whole dollar amount.

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