Suppose a firm is considering a labor-saving investment. In year 2022, the project requires a $11,700 investment in equipment (all figures are in thousands of dollars). This investment is depreciated using the straight-line method over five years and there is salvage value in 2027 of $4,500. What is the cost-reducing project's NPV? With Investment 202220232024202520262027 Revenue Labor Costs Other Cash Expenses \begin{tabular}{|r|} \hline$15,200 \\ \hline$1,600 \\ \hline$5,300 \\ \hline \end{tabular} Gross Margin Depreciation Pretax Profit Income Taxes After-tax Profit Add Back Depreciation Cash Flows Project Difference Difference Due to Investment Investment and Salvage Value ($11,700) $4,500 Project Cash Flows Present Value of Each Cash Flow Project Net Present Value Table: Sensitivity of Project Net Present Value to With Investment Labor Costs Innut Maline for Math Imunetmont I ahnr rote Note: Change the axis min and max values to fit in all the scenario inputs. Suppose a firm is considering a labor-saving investment. In year 2022, the project requires a $11,700 investment in equipment (all figures are in thousands of dollars). This investment is depreciated using the straight-line method over five years and there is salvage value in 2027 of $4,500. What is the cost-reducing project's NPV? With Investment 202220232024202520262027 Revenue Labor Costs Other Cash Expenses \begin{tabular}{|r|} \hline$15,200 \\ \hline$1,600 \\ \hline$5,300 \\ \hline \end{tabular} Gross Margin Depreciation Pretax Profit Income Taxes After-tax Profit Add Back Depreciation Cash Flows Project Difference Difference Due to Investment Investment and Salvage Value ($11,700) $4,500 Project Cash Flows Present Value of Each Cash Flow Project Net Present Value Table: Sensitivity of Project Net Present Value to With Investment Labor Costs Innut Maline for Math Imunetmont I ahnr rote Note: Change the axis min and max values to fit in all the scenario inputs