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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40 The unit cost of the giftware is $25. It is

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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40 The unit cost of the giftware is $25. It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial year 0) investment in working capital of 20=23,400=$40=$183,000. Plant and equipment necessary to establish the giftware business will require an additional investment of $235,000. This investment will be depreciated straight-ine over 3 years. After 4 years, the equipment will have an economic and book value of zero. The firm's tax rate is 30%. The discount rate is 20%. Use the MACRS depieciation schedule a. What is the net present value of the project? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollor amount

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