Unthed Pigpen is considering a proposal to manufacture high-protein hog feed. The project would require wse of an existing Warehouse, which is currently rented out to a neighboring firm. The next year's rental charge on the warehouse is $150.000, and thereafter, the rent is expected to grow in line with inflation at 4%, year. In addition to using the warehouse, the proposal envisages an investment in plant and equipment of $1.50 mition. This could be depreciated for tax purposes straight-line over to years. However. Pigpen taxpects to terminnte the project at the end of 8 years and to reseli the plont and equipment in year 8 for $500.000. Finalily, the project requires an immediate investment in working capital of $400,000. Thereofter working capital is forecasted to be 10 of sales in each of years 1 through 7 . Working copltal will be run down to zero in year 8 when the project shuts down. Year 1 sales of hog feed are expected to be $520 milion, and thereafter, sales are forecasted to grow by 5% a year, skghtly faster than the intiation rate. Manufacturing costs are expected to be 90% of sales, and profits are subject to tax at 216 . The cont of capital is 12%. What is the NPrV of Prgpen's project? Note: Einter your answer in thousands, not in mililons, rounded to the nearest dollar