Andronicus Corporation $($AC$)$ has the following jumbled information about an investment proposal:

Revenues in each of years $14=$ $$21,000$

Year $0$ initial investment $=$ $$41,000$

Inventory level $=$ $$10,500$ in year $1,$ $$11,100$ in year $2,$ and $$5,500$ in year $3$

Production costs $=$ $$7,300$ in each of years $14$

Salvage value $=$ $$12,100$ 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 $6\mathrm{.}4.$ 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.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 $6\mathrm{.}4.$ 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