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As a project manager you're trying to decide if you should add a night - shift to the plant. If you do , you expect

As a project manager you're trying to decide if you should add a night-shift to the plant. If you do, you expect to incur retooling costs, to allow for round the clock operations, that would amount to $43455 per month for the next 3 months (incurred at month end). A full month after the final payment was made, you'd expect to net (after costs and taxes) an additional $15973 per month. However, you expect that monthly benefit to decline at a constant effective monthly rate of 0.4% as competitors and markets adjust to the new increased output of the plant. If your firm faces a cost of capital of 11.7% EAR, what would be the NPV of pursuing the night-shift project?

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