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McGilla Golf has decided to sell a new line of golf clubs. The length of this project is seven years. The company has spent $1071664

McGilla Golf has decided to sell a new line of golf clubs. The length of this project is seven years. The company has spent $1071664 on research and development for the new clubs. The plant and equipment required will cost $28780445. The new clubs will also require an increase in net working capital of $1276578 that will be returned at the end of the project. The OCF of the project will be $8486174. The tax rate is 33 percent, and the cost of capital is 10 percent. What is the NPV for this project?

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