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Practice Assignment 11 withowing out of casual surpring, two recent MBA gradu decided to trade this casual surf concept to encompass a surfestyle for the
Practice Assignment 11 withowing out of casual surpring, two recent MBA gradu decided to trade this casual surf concept to encompass a surfestyle for the home with capital they decided to focus on suitable and floor lamps to accent people's homes. They rected urut sales of these cams to be 8.000 in the first year with growth of 8 percent each year for the next five years Production of these lamps veqe 45.000 in net working capital to start the networking at it be recovered att end of the proxect Total feed costs are $105.000 per variable production contre 510 per unit and the units we peked at $38 each The equipment needed to bon production will cost $185.000 There will be deprecated using the strane method over a five year ite and is not expected to have a salvage value The effective tax rates 25 percent and the required rate of retums 24 percent What is the NPV of this project? (Do not found intermediate calculations and round your answer to 2 decimal places, 9. 32.16.)
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