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 $0\mathrm{.}2022,000$

$$$$40=$$$176,000.$ Plant and equipment necessary to establish the giftware business will

require an additional investment of $$200,000.$ This investment will be depreciated straight$-$

line over $3$ years. The firm's tax rate is $30\%.$ The discount rate is $20\%.$

a$.$ What is the net present value of the project?

Note: Do not round intermediate calculations. Round your answer to the nearest

whole dollar amount.

b$.$ By how much does NPV increase if the firm takes immediate $100\%$ bonus depreciation?

a$.$ Net present value

b$.$ Increase in NPV