places. Submit in pdf format. 1. Good Food Company has an opportunity to manufacture and sell a new product for a four-year period. The companys discount rate is 15%. After careful study,Good Food estimated the following costs and revenues for the new product: Cost of equipment needed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P520,000 Working capital needed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P240,000 Overhaul of the equipment in two years . . . . . . . . . . . . . . . . . . . .P32,000 Salvage value of the equipment in four years . . . . . . . . . . . . . . . P48,000 Annual revenues and costs: Sales revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P1,000,000 Variable expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P480,000 Fixed out-of-pocket operating costs . . . . . . . . . . . . . . . . . . . . . . . P280,000 When the project concludes in four years the working capital will be released for investment elsewhere within the company. Calculate the net present value of this investment opportunity. (Round the present value factor to three decimal places.)