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

Andronicus Corporation (AC) has the following jumbled information about an investment proposal:
a. Revenues in each of years 1-4=$21,000
b. Year 0 initial investment =$41,000
c. Inventory level =$10,500 in year 1,$11,100 in year 2, and $5,500 in year 3
d. Production costs =$7,300 in each of years 1-4
e. Salvage value =$12,100 in year 4
f. Depreciation =100% immediate bonus depreciation
g. Tax rate =21%
h. 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 10%, what is the project's 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.
NPV =?
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