With the growing popularity of casual surf print clothing, two recent MBA graduates decided to broaden this casual surf concept to encompass a surf lifestyle for the home. With limited capital, they decided to focus on surf print table and floor lamps to accent peoples homes. They projected unit sales of these lamps to be 8900in the first year, with growth of 8 per cent each year for the next five years. Production of these lamps will require 54,000 in net working capital to start. Total fixed costs are 114,000 per year, variable production costs are 26 per unit, and the units are priced 54 each. The equipment needed to begin production will cost 194,000. The equipment will be depreciated using the straight line-balance method over five year life and is not expected to have a salvage value. The effective tax rate is 35 per cent, and the required rate of return is 26 per cent. What is the NPV of this project?