Orange Computer decides to sell a new line of foldable smartphones. The phones will sell for $$965$ per unit with

variable cost of $$487$ per device. The company has spent $$840,000$ for a marketing study that determined the company

will sell $94,000$ new generation foldable handsets per year for seven years. The marketing study also determined that

the company will lose sales of $9,300$ units per year of its prior generation, but larger screen sized handsets. The prior

generation, larger screen handsets sell for $$1,395$ and have variable costs that are $51\mathrm{.}25\%$ of the selling price. The

company will also increase sales of its companion watch by $12,200$ per year. The watch sells for $$396$ and has variable

costs of $$183$ of total selling price. The fixed cost for the company each year is $$15,750,000.$ The company has already

spent $$1,600,000$ on research and development for the new gadgets. The plant and equipment required will cost

$$59,100,000$ and will be depreciated on a straight$-$line basis to zero. The equipment will be worthless at the end of the

project with no marketable value. The new smartphone will require an increase in net working capital of $$4,325,000$

that will be returned at the end of the project. The tax rate is $24$ percent, and the cost of capital is $13$ percent.

What is the NPV of this project?

Multiple Choice

$$88,367,800$

$$42,200,000$

$$63,425,000$

$$51,733,500$

$$12,930,425$