Emery Communications Company Schedule of Cash Flows Year 0 Equipment Working capital Total Years 1-5 $1,750,000 90,000 1,840,000 Revenues $1,650,000 Operating expenses 1,320,000 Total 330,000 Year 6 Revenues 1,650,000 Operating expenses 1,320,000 Major maintenance 150,000 Total 180,000 Years 7-9 Revenues $1,650,000 Operating expenses 1,320,000 Total 330,000 Year 10 Revenues 1,650,000 Operating expenses 1,320,000 Salvage 100,000 Recovery of working capital 90,000 Total 520,000 Feedback Check My Work Review the concept of NPV. 2(a) Assuming that Emery's cost of capital is 12%, compute the project's NPV. For discount factors, use the tables shown in Present Value Tables tab. Round the present value calculation and your final answer to the nearest whole dollar. If an amount is negative, first enter a minus sign (-). The NPV of the project is $9,752 x. Incorrect 2(b) Should the product be produced? Yes , the new product should be produced.