RocketOwl, Inc. is considering a new product to bring to market. They estimate the product would have a viable market for five years. If they wish to do the project they will need to purchase equipment with a price of $$2,287,521.$ The firm will use straight$-$line depreciation to a value of $$500,000$ and assume the equipment will have a pre$-$tax salvage value of $$469,308.$ They estimate revenue and costs for the project as presented in the table:

Operating Year Revenue Costs

$1$ $$371,693$ $$70,569$

$2$ $$861,893$ $$330,987$

$3$ $$2,627,053$ $$981,954$

$4$ $$1,047,316$ $$246,165$

$5$ $$371,693$ $$70,569$

RocketOwl, Inc. expects the project will need initial inventory for the project of $$107,528,$ and this amount will stay constant throughout the project. They also expect in the investment year the project will generate accounts receivable of $$65,878$ and accounts payable of $$35,758.$ They also assume that the project will generate accounts payable each year equal to $0\mathrm{.}19$ of annual sales and accounts payable equal to $0\mathrm{.}06$ of annual costs. The firm's average tax rate is $0\mathrm{.}34.$ If the firm's WACC is equal to $12\mathrm{.}8\%,$ what is the NPV of the project?RocketOwl, Inc. is considering a new product to bring to market. They estimate the product would

have a viable market for five years. If they wish to do the project they will need to purchase

equipment with a price of $$2,287,521.$ The firm will use straight$-$line depreciation to a value of

$$500,000$ and assume the equipment will have a pre$-$tax salvage value of $$469,308.$ They estimate

revenue and costs for the project as presented in the table:

RocketOwl, Inc. expects the project will need initial inventory for the project of $$107,528,$ and this

amount will stay constant throughout the project. They also expect in the investment year the

project will generate accounts receivable of $$65,878$ and accounts payable of $$35,758.$ They also

assume that the project will generate accounts payable each year equal to $0\mathrm{.}19$ of annual sales and

accounts payable equal to $0\mathrm{.}06$ of annual costs. The firm's average tax rate is $0\mathrm{.}34.$ If the firm's

WACC is equal to $12\mathrm{.}8\%,$ what is the NPV of the project?

$($Make sure you enter the number with the appropriate $+/-$ sign$)$