Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.0 milition. The equipment will be depreciated straight-line over 6 years, but, in fact, it can be sold after 6 years for $511,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year's forecast sales. The firm estimates production costs equal to $1.80 per trap and believes that the traps can be sold for $7 each. Sales forecasts are given in the following table. The project will come to an end in 6 years, when the trap becomes technologically obsolete. The firm's tax bracket is 40%, and the required rate of return on the project is 8%. Sales are (millions of traps) 1 st year =0.4; 2nd year= 0.5; 3rd =0.6;4th = 0.6; 5th = 0.4; 6th =0.4.