Mudurnu Yem plans to produce high-quality chicken feed. Existing storage that is currently leased to a nearby company is planning to be used in the new project. The storage's rental price for the following year is $115,000, and the rent is predicted to increase at a rate of 4% percent every year afterward. In addition to utilizing the storage, the new project requires $1.29 million investment in plant and equipment. For tax purposes, this may be depreclated straight-line over a ten-year period. Mudurnu Yem, on the other hand, plans to finish the project after eight years and resell the plant and equipment for $430,000 in year eight. Lastly, the project necessitates an immediate investment of $365,000 in working capital. Following that, in each of years 1 through 7 , working capital is expected to equal 10% percent of revenues. Sales of high-quality chicken feed are predicted to be $4.50 million in the first year, and sales are expected to grow at a pace of 5% percent each year after that, somewhat faster than inflation. Manufacturing costs are anticipated to be 90% percent of sales, and profits taxed at 21% percent. Calculate the NPV of Mudurnu Yem's project assuming that the cost of capital is 12\%. (Enter your answer in thousands, not in millions, rounded to the nearest dollar.) You can schedule project cash flows across the 8 year horizon as follows in order to find NPV