Your company has been doing well, reaching $1.08 million in earnings, and is considering launching a new product. Designing the new product has already cost $463,000. The company estimates that it will sell 785,000 units per year for $3.09 per unit and variable non-labor costs will be $1.12 per unit. Production will end after year 3. New equipment costing $ 1. 1 million will be required. The equipment will be depreciated to zero using the 7-year MACRS schedule. You plan to sell the equipment for book value at the end of year 3. Your current level of working capital is $309,000. The new product will require the working capital to increase to a level of $384,000 immediately, then to $392,000 in year 1. $357,000 in year 2, and finally return to $309,000. Your tax rate is 35%. The discount rate for this project is 9.6%. Do the capital budgeting analysis for this project and calculate its NPV. Complete the capital budgeting analysis for this project below: (Round to the nearest dollar) The NPV of the project is $ .(Round to the nearest dollar