Given the following information about a possible average-risk, new product investment, calculate the investment's net present value. Initial Cost $200,000 Expected Life 10yrs Salvage Value 0 Annual Depreciation $20,000 Incremental Annual Sales $200,000 Incremental Annual Production $110,000 Costs Incremental Annual Selling & $20,000 Admin Costs 50% Tax Rate Expected Inventory Turnover (calculated as production costs / 4 times ending inventory) Average Collection Period 45 days Cost of Equity 13% Cost of Debt 8.5% Target Debt to Equity Ratio 130% Hint: Assume the company is on a 360-day year. Net Operating Working Capital investment is only necessary at the onset of the project (year 0), it is recalled in period 10. Please ignore the Accounts Payables and Accruals in the calculation of NOWC