Your company has been doing well, reaching $1.17 millon in eamings, and is considering launching a new product Designing the new product has alteady cost 3450 , Do0. The company esfimates that it wis sell 816,000 units peryear for $2.93 per unit and variable non-labor costs will be $1.09 per unit. Production will end after year 3 New equipment costing 51.14 million with be required The equipment will be depreciated to zero using the 7 -year MACRS schedule. You plan to sest the equipment for beok value at the end of yeat 3 Your carrent level of working capital is $305,000. The new product will require the working captal to hcrease to a level of $332,000 inimediately, then to $395,000 in year 1 , in year 2 the level will be 5348,000 , and finally in year 3 the level will return 10$305,000. Your tax tate is 21%. The discount rate for this project is 101%. Do the capital budgefing analysis for this project and calculate its NPV. Note: Assume that the equipment is put into use in year 1 . Design atready happened and h (irelevaet). (Select fiom the drep-dowa menu) (Round to the nearest dollar)