The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $45. The unit cost of the giftware is $30. Year Unit Sales 1 42,000 2 48,000 3 19,000 4 9,000 Thereafter 0 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 42,000 $45 = $378,000. Plant and equipment necessary to establish the giftware business will require an additional investment of $220,000. This investment will be depreciated using MACRS and a 3-year life. After 4 years, the equipment will have an economic and book value of zero. The firms tax rate is 20%. What is the net present value of the project? The discount rate is 12%. Use the MACRS depreciation schedule. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)