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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 followng year. For example, the store will need an initial (Year O) investment in working capital of 2025.600$40=$204.800. Plant and equipment necessary to establish the giftware business witt require an additional investment of $290,000 This investment will depreciate on the MACRS 5 chedule 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 depreciation schedule. 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

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