Kopperud Electronics has an investment opportunity to produce a new HDTV. The required investment on January 1 of this year is $165 million. The firm will depreciate the investment to zero using the straight-line method over four years. The investment has no resale value after completion of the project. The firm has a 25 percent tax rate. The price of the product will be $495 per unit, in real terms, and will not change over the life of the project. Labor costs for Year 1 will be $16.20 per hour, in real terms, and will increase at 3 percent per year in real terms. Energy costs for Year 1 will be $4.50 per physical unit, in real terms, and will increase at 2 percent per year in real terms. The inflation rate is 4 percent per year. Revenues are received and costs are paid at year-end. Refer to the following table for the production schedule: pok int ances Physical production, in units Labor input, in hours Energy in but, physical units Year 1 Year 2 Year 3 Year 4 165,000 185,000 200,000 165,000 1,220,000 1,400,000 1,370,000 1,290,000 220,000 235,000 265,000 250,000 The real discount rate for the project is 7 percent. Physical production, in units its Labor input, in hours Energy input, physical units 105,000 165,000 185,000 200,000 185,000 200,000 165,000 1,220,000 1,400,000 1,370,000 1,290,000 220,000 235,000 265,000 250,000 The real discount rate for the project is 7 percent. Calculate the NPV of this project. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) NPV