newconnect.mheducation.com/flow/connect.html HW2 Saved Help Save & Exit Submit Check my work 11 Problem 6-27 Calculating Project NPV 10 points eBook ASK With the growing popularity of casual surf print clothing, two recent MBA g decided to broaden this casual surf concept to encompass a "surf lifestyle for th With limited capital, they decided to focus on surf print table and floor lamps people's homes. They projected unit sales of these lamps to be 10,700 in the with growth of 6 percent each year for the next five years. Production of these require $59,000 in net working capital to start. Total fixed costs are $146.000 variable production costs are $18 per unit, and the units are priced at $61 e equipment needed to begin production will cost $610,000. The equipmen depreciated using the straight-line method over a 5-year life and is not expecter a salvage value. The tax rate is 22 percent and the required rate of return is 18 What is the NPV of this project? (Do not round intermediate calculations ar your answer to 2 decimal places, e.g., 32.16.) Print References NPV