The table below offers EBIT for a potential capital investment for Fake Company Epsilon (FCE). The bullet items provide additional information. What is this project's NPV? The initial investment is $22,500. Depreciation is accelerated using a 5-year MACRS schedule. An additional $1,500 in net working capital is needed right now, but this is 100% recoverable at the end of Year 4. The company's WACC is estimated at 12.0%. Company analysts estimate after-tax cash flow from salvage will be $4,000. Company analysts also estimate erosion costs of $2,000 in Year 1 and $1.200 in Year 2. The company's tax rate is 32.0%. YEAR 1 YEAR 2 YEAR 3 YEAR 4 EBIT $1,700 $2,950 $3,000 $3,500 Enter your number as a regular dollar amount rounded to the nearest dollar. If it is a negative number, use a minus sign. Do not enter dollar signs, percentage signs, or commas. For example, if you calculated $1,602.74, you will enter 1603. Or if you calculated $1942.29), you will enter -942. Depreciation Factors 3-Year 5-Year 7-Year MACRS MACRS MACRS Depreciation Year 10-Year MACRS 1 0.20000 0.20000 0.10000 0.33330 0.44450 2 0.32000 024490 0.18000 3 0.19200 0.97490 0.14400 0.14810 0.07410 0.11520 0.12490 0.11520 5 0.11520 0.00930 0.09220 6 0.05760 0.08920 0.07370 7 0.08930 0.06550 8 0.04460 0.06550 9 0.06500 10 0.06550 11 0.03260