Question #4: You decide to start a personal training business and run it out of your garage. You will bill yourself at $80 per hour. You believe you can bill 1200 hours per year. The cost to you (i.e. gas, car, etc) per hour is $30 per hour. Your fixed costs are $25,000 per year. To get the business going, you need to invest $100,000 in gym equipment and $10,000 in working capital. The amount of working capital is fixed over the 4 years of the project and you will recover all of the working capital at the end of the project. If you depreciate all new initial investments using straight-line depreciate to zero, have a 40% tax rate, and have a cost of capital of 10%, what is the NPV of this project?