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The ABC Company is considering an expansion of its production facilities which will permit the firm to build and sell a new line of smart

The ABC Company is considering an expansion of its production facilities which will permit the firm to build and sell a new line of smart phones. The project requires a $44,435,385 capital investment (think new machine) and is expected to have a three-year economic life. The asset will be depreciated to zero using straight line depreciation method over the life of the project.

Other related information:

At the end of the project, the equipment can be sold for $2,953,816.

Incremental sales are projected to be $30,525,157 per year

Annual costs (excluding depreciation) are estimated to be $4,600,950.

The project requires a $8,965,057 initial investment in net working capital.

The expected tax rate is 27%.

The project's CASH FLOW on date 0 is $______.

(Do NOT include the $ sign or any other text. Indicate negative value with a minus sign. Enter your answer rounded to nearest integer, e.g. 10002)

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