Year 0 Year 1 Year 2 Year 3 Year 4 Revenue 130000 410000 410000 340000 Cost of Goods Sold -65000 -205000 -205000 170000 Gross Profit 65000 205000 205000 170000 Selling, General and Admin -6600 -6600 -6600 -6600 Depreciation -80000 -80000 -80000 -80000 EBIT -21600 118400 118400 83400 Income tax (35%) 7560 -41440 -41440 -29190 Incremental Earnings -29160 76960 76960 54210 Capital Purchaes -280,000 Change to NWC -5,000 -5,000 -5,000 -5,000

A garage is installing a new "bubble-wash" car wash. It will promote the car wash as a fun activity for the family, and it is expected that the novelty of this approach will boost sales in the medium term. If the cost of capital is 10%, by using the data in the table above, calculate the net present value (NPV) of this project.