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Q. Suppose Apple is considering expanding its product line to include the new electric car, iCar. The move will require $20,000,000,000 to build new plants,

Q. Suppose Apple is considering expanding its product line to include the new electric car, iCar. The move will require $20,000,000,000 to build new plants, sales centers, and a nationwide sales team. The company estimates it will generate $300,000,000 in sales in the first 5 years, following by sales of $1,500,000,000 for 7 years, and $2,000,000,000 for 13 years. However, during each year operating costs will be 33% of sales. In addition, every 10 years the firm will need to spend $65,000,000 to update its facilities. If the firms required rate of return is 16.50%, what is the NPV of the project? Round to the nearest $0.01.

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