The FAR Corporation is considering a new project to manufacture solar powered widgets. Last year, the company paid a consulting firm $100,000 to conduct a market survey that suggested there is demand for solar powered widgets. The cost of the manufacturing equipment is $170,000. The cost of shipping and installation is an additional $10,000. The manufacturing equipment will be depreciated to $0 over its four year life using straight line depreciation. Sales are expected to be $300,000 per year and the cost of goods sold is expected to be 80% of sales. The project will require FAR to increase its inventory of raw materials from $0 to $30,000 at time t=0. At the end of three years, FAR plans on ending the project and selling the manufacturing equipment for $45,000. The marginal tax rate is 30% and the appropriate cost of capital for this project is 12%. 1 point = Free Cash Flow at time t = 0: 1 point = Free Cash Flow at time t=1: 1 point = Free Cash Flow at time t = 2: 1 point = Free Cash Flow at time t = 3: 1 points = NPV