Question 7 (1 point) Your CEO has asked you to evaluate whether the firm should launch a new product. Information provided by the consultant is as follows: $20,000 has been spent on doing a market survey, and this cost has been incurred regardless of whether the project is done or not. working capital (NWC) recovered. No salvage value for the plant . initial investment: $120,000 composed of $50,000 for the plant and $70,000 net . Profits of $32,000 every year for 3 years after which the project ends and NWC is For a discount rate of 11%, what is the NPV? Your