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We project unit sales for a new household - use laser - guided cockroach search and destroy system as follows: table [ [ Year

We project unit sales for a new household-use laser-guided cockroach search and destroy system as follows:
\table[[Year,\table[[Unit],[Sales]]],[1,93,000],[2,105,000],[3,128,000],[4,134,000],[5,87,000]]
The new system will be priced to sell at $380 each.
The cockroach eradicator project will require $1,800,000 in net working capital to start, and total net working capital will rise to 15% of the change in sales. The variable cost per unit is $265, and total fixed costs are $1,200,000 per year. The equipment necessary to begin production will cost a total of $24 million. This equipment is mostly industrial machinery and thus qualifies for CCA at a rate of 20%. In five years, this equipment will actually be worth about 20% of its cost.
The relevant tax rate is 35%, and the required return is 18%. Based on these preliminary estimates, what is the NPV of the project? (Enter the answer in dollars. Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
NPV
$
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