You plan to manufacture a Product X in Cote d'Ivoire $($one of the poorest nations in the world$)$:

$5,000$ units in $1^{st}$ year, $7,000$ units in $2^{nd}$ year, and $9,000$ in $3^{rd}$ year. Fixed costs $($e$.$g$.$ rent,

insurance, salaries...$)$ are $$70,000$ in $1^{st}$ year, $$96,000$ in $2^{nd}$ year, and $$110,000$ in $3^{rd}$ year.

You plan to purchase equipment to manufacture Product Xs at $$30,000($at Year zero$),$ with

the life of the equipment of $3$ years. Apply the straight$-$line depreciation method.

Product $x$ will be sold at $$140($no change in $3$ years$)$ each in over $12$ African countries. Cost

of Goods Sold $($e$.$g$.$ raw materials, packaging, direct labor$)$ of each Product X is $$122($no

change in $3$ years$).$ NGOs help you to distribute GPs to customers. The tax rate is $30\%.$ The

change in net working capital in the Year zero is $-$$$20,000$ and $$20,000$ in Year $3.$

Assume the expected rate of return is $5\%.$

What is the Net Present Value?

$$23,839$

$$32,392$

$$39,271$

$$43,298$