Atlantic Manufacturing is considering a new investment project that will last for four years. The delivered and installed cost of the machine needed for the project is $23,731 and it will be depreciated according to the three-year MACRS schedule. The project also requires an initial increase in net working capital of $297. Financial projections for sales and costs are in the table below. In addition, since sales are expected to fluctuate, NWC requirements will also fluctuate. The end-of-year NWC requirements are included below (hint: these NWC capital requirements DO NOT represent the change in NWC for the period). The $0 requirement for NWC at the end of year 4 means that all NWC is recovered by the end of the project. The corporate tax rate is 35% and the required return on the project is 12%

. Year 1 2 3 4 Sales year 1: $11,683 year 2: $12,606 year 3: $13,410 year 4: $10,828 Costs year 1: 2,135 year 2:2,526 year 3: 3,027 year 4: 1,298 NWC Requirements year 1 335 year 2: 360 year 3: 230 Year 4: 0 What is the projects NPV? (Round answer to 2 decimal places. Do not round intermediate calculations).