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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $37. The unit cost of the giftware is $21. It is

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The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $37. The unit cost of the giftware is $21. It is expected that net working capital will amount to 30% of sales in the following year, For example, the store will need an initial (year 0) investment in working capital of 0.319,900$37=$220,890. Plant and equipment necessary to establish the giftware business will require an additional investment of $199,000. This investment will be depreciated in an asset class with a CCA rate of 25%. We will assume that the firm has other assets in this asset class. After 4 years, the equipment will have an economic and book value of zero. The firm's tax rate is 35%. The discount rate is 15%. What is the net present value of the project? (hound your answer to the nearest whole dollar amount.)

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