NPV application: We think we can sell 60,000 home security devices a year at $140 each. They cost $100 each to manufacture (variable cost). Fixed production costs are $205,000 per year. The necessary equipment costs $625,000 to buy and would be depreciated at a 25% CCA rate. The equipment would have a zero salvage value after the five year life of the project. We need to invest $160,000 in net working capital at the start of the project. This amount will be recovered when the project ends. The firms cost of capital is 17% and their tax rate is 38%. Is this a good project? Calculate and input the dollar amounts for each of the six steps (nearest dollar without dollar sign ($) or comma, e.g. 15000) Negative cash flow is -15000):

What is the NPV for the project?