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We project unit sales for a new household-use laser-guided cockroach search and destroy system as follows: Year 1 2 3 4 5 Unit Sales 98,500

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We project unit sales for a new household-use laser-guided cockroach search and destroy system as follows: Year 1 2 3 4 5 Unit Sales 98,500 110,500 133,500 139,500 92,5ee The new system will be priced to sell at $450 each The cockroach eradicator project will require $1700,000 in net working capital to start, and total networking capital will rise to 15% of the change in sales. The vantable cost per unit is $320, and total fixed costs are $2,000,000 per year. The equipment necessary to begin production will cost a total of $20 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 : 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 S sign In your response.) NPV $

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