As the newly appointed financial manager of International Mulch and Compost Company (IM&C), you are about to analyze a proposal for marketing guano a as a garden fertilizer.

You are given the forecasts shown in table 1 & 2.

Table 1: IM&C guano project-projections (thousands):

1	2	3	4	5	6	7
1630	2381	6205	10685	10136	6110	3444

Table 2: IM&C guano project-projections (thousands):

0	1	2	3	4	5	6
4000	4000	4000	4000	4000	4000	4000

The project requires an investment of $12,600,000. The discount rate is 20%.

What is the NPV of the guano project according to each one of the projections?