The following table presents sales forecasts for Golden Giftware. The unit price is $40. The unit cost of the giftware is $25. Unit Sales 22,000 30,000 14,000 5,000 0 Year 2 4 Thereafter It is expected that net working capital will amount to 25% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of 0.25 x 22,000 x S40 $220,000. Plant and equipment necessary to establish the Giftware business wil require an additional investment of $200,000. This investment will be depreciated over the 4 year period using the following chart. After 4 years, the equipment will be sold for $20,000. The firm's tax rate is 35%. What is the NPV of the project? The discount rate is 20%. Annual Depreciation (S) 66,660 88,900 29,620 14,820 200,000 (round up differences) Year 4 Total