Calculate NPV for this project New equipment costing $$540,000$ would need to be acquired to produce the product. The equipment is estimated to have a six$-$year useful life, with no salvage value at the end of the six years. b$.$ Sales in units over the next six years are projected as follows: Year Unit Sales $170,000280,000390,0004-695,000$ Production and sales of the new product would require working capital of $$1,400,000$ to finance accounts receivable, inventory, and day$-$to$-$day cash needs. This working capital would be released at the end of the project$$s life. c$.$ The product would sell for $$30$ each; variable costs for production, administration, and sales would be $$12$ per unit. d$.$ Fixed costs would total $$800,000$ per year. These fixed costs are for salaries, maintenance, property taxes, insurance, and straight$-$line depreciation on the new equipment $($see item a$.$ above$).$ Note that the annual depreciation on the new equipment referenced in item a$.$ above is on a straight$-$line basis over the six$-$year life. e$.$ To gain rapid entry into the market, the company would need to advertise heavily. The advertising program would be: Year Annual Advertising $1-2$ $$375,0003$ $$320,0004-6$ $$300,000$ f$.$ The company$$s required rate of return is $20\%.$