4. ) The Sausage Hut is looking at a new sausage system with an equipment cost of $450,000. This cost will be depreciated straight-line to zero over the project's 5-year life, at the end of which the sausage system can be sold at a salvage value of $80,000. The sausage system is estimated to generate $250,000 in annual sales, with COGS and administrative expenses of $72,000. The system requires an initial investment in net working capital of $30,000, which will be recouped at project end. If the tax rate is 35 percent and the required return is 10 percent, what is the NPV of this project?

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   OCF
   NWC
   Cap. Spending
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