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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
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 $ and it will be depreciated according to the threeyear MACRS schedule. The project also requires an initial increase in net working capital of $ 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 endofyear NWC requirements are included below hint: these NWC capital requirements DO NOT represent the change in NWC for the period The $ requirement for NWC at the end of year means that all NWC is recovered by the end of the project. The corporate tax rate is and the required return on the project is
Year
Sales
$
$
$
$
Costs
NWC Requirements
What is the projects NPVRound answer to decimal places. Do not round intermediate calculations
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