You are asked to evaluate the following project for a corporation profitable ongoing operations. The required Investment on January 1 of this year is $32,000. The firm will depreciate the Investment at a CCA rate of 20 percent. The firm is in the 40 percent tax bracket. The price of the product on January 1 year 1 is $100 per unit. That price will stay constant in real terms. Labour costs is $15.40 per hour on January 1 year 1. Labour costs will increase by 1 percent per year in real terms after year 1. Energy costs will be $7.35 per physical unit on January 1 year 1; energy cost will increase at 2.5 percent per year in real terms after year 1. The Inflation rate is 4.2 percent. The company sells all of its production In the year produced; revenue is received and costs are paid at year-end: Physical production, in units Labour input, in hours Energy input, physical units Year 1 Year 2 Year 3 Year 4 180 410 9999 1,140 180 360 1,140 180 1,140 180 180 1,140 180 The risk-free nominal discount rate is 7.8 percent. The real discount rate for costs and revenues is 4.8 percent. Calculate the NPV of this project. (Do not round Intermediate calculations. Round the answer to 2 decimal places. Negative amount should be indicated by e minus sign. Omit $ sign in your response.) Net present value Activate Windows