The "Three Degrees of Freedom" $($TDF$)$ company manufactures and sells online all kinds of equipments related to climbing: from shoes, harnesses and ropes to volumes and grips to create artificial routes.

TDF$\text{'}$s CFO is now working on an investment project related to the IT of the company. You are expected to help him answer the questions associated to this text in order to help the CEO take the final decision about the project.

The investment project is supposed to last $4$ years. The investment in assets $($mainly hardware$)$ is priced to $658000$ and would be depreciated straight line to zero over $7$ years. The assets will be worthless and scrapped at the end of the project.

The improvement that the investment project would bring to the sales process is expected to generate savings every year, thus increasing the EBITDA. The variable costs are expecting to decrease, going from $24\%$ to $12\%$ of the turnover but the fixed costs would not change. The project would not change the WCR of the company.

TDF is not listed on any financial market. However, ClimbEq Ltd$,$ one of its direct competitors, has been listed for $10$ years now and has a $1,4$ beta. ClimbEq has $2,2$ millions stocks outstanding, which recently closed at $6,2$ each. $2$ years ago, ClimbEq issued $93000$ bonds with a $100$ face value and $9$ years maturity. The bonds coupon rate is $7,4\%,$ they will be repaid at $102,3\%$ and their YTM is currently $4,83\%.$

TDF$\text{'}$s debt ratio is $20$ and it can borrow currently at $6,66\%$ per year.

The corporate tax rate is $36\%$ for both companies. The market risk premium is $8,92\%$ this year, and the risk free rate $1,56\%.$

The unlevered beta of Climbeq is $0,9278.$ The required rate of return for TDF project is $9,78\%$ and the operating cash flow that the company would get from its project every year if the annual turnover is $1930000,$ assuming that the EBITDA is given by the savings on the variable costs is $182064.$

Question $1$:

What would then be the project's NPV$?($in $,$ no decimal places$)$

Question $2$:

What is the turnover that would yield a zero NPV for the project? $($in $,$ no decimal places$)$