You are asked to evaluate the following project for a corporation with profitable ongoing operations. The required investment on January 1 of this year is $56.000 I he firm will depreciate the investment at a CCA rate of 20 percent. The firm is i the 40 percent tax bracket 9 The price of the product on January 1 will be $320 per unit. That price will stay constant in real terms. Labour costs will be $14 per hour on January 1. They will ncrease at 1 percent per year in real terms. Energy costs will be $7.35 per physical unit on January 1; they will increase at 2.5 percent per year in real terms. The infla- tion rate is 6 percent. Revenue is received and costs are paid at year-end Year 2 200 Year 3 250 Year 4 100 Physical production, in units Labour input, in hours Energy input, physical units Year 1 100 2.200 180 2,2002,200 180 2.200 180 180 The risk-free nominal discount rate is 7 percent. The real discount rate for costs and revenues is 4 percent. Calculate the NPV of this project