c$.$ Suppose the appropriate discount rate is $11$ percent. What is the NPV of the project?

$($Do not round intermediate calculations and round your answer to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

NPV

$$,22,500\mathrm{.}43$The Fancy Manufacturing Company is considering a new investment. Financial

projections for the investment are tabulated here. The corporate tax rate is $22$

percent. Assume all sales revenue is received in cash, all operating costs and income

taxes are paid in cash, and all cash flows occur at the end of the year. All net working

capital is recovered at the end of the project.