You work for Green Horizon, a company specialized in Lithium Battery used in electric vehicles. You are now reviewing information about a new product, which features shorter charging time and higher capacity. You think you should be able to sell 300,000 units of these batteries per year for 3 years, starting one year from now.  Your team has spent $30 million designing and test marketing the products in the past 2 years. You think you can charge $1,200 per unit and the production of the devices will cost $200 million per year (includes both materials and salaries). In addition, this project will also incur a marketing cost of 20 million per year.  If you were to launch the production, you will have to buy new equipment worth $160 million. This equipment will have a 4-year life and will be depreciated straight line to zero over that life. You expect you will be able to sell the equipment for $35 million when the project ends in 3 years.  Your company already had existing net working capital level at $40 million. Production of the new product will require you to increase your working capital from $40 million to $55 million immediately. Working capital will decrease back down to $40 million at the end of the third year. Your tax rate is 22%. What is the NPV of the project of the discount rate is 12%?