Your company has boen doing woil- roaching $1.03 mition in eamings, and is considering launching a new product. Designing the new product has artasy cost 1560.050. The conpary estimates that it wal sell 770,000 units per yest for $2.92 per unit and variable non tabor costs wit be $1.11 por unit Producticn wil ond aner year 3 . New equilprnent costng $1.16 millon wil ta required. The equlpment will be depreciated to zero using the 7year MACRS schedule. You plan to sel the equicenent for book value st the end of year 3 . Your cument level of working captal ie s2oss cos. The new product will require the warking capital to increase to a level of $383,000 immediately, then 10$394,000 in year 1 , in year 2 the lovel will be $354,000, and finaly in yoax 3 the lever. wit retum to $293,000. Your tax rite is 21%. The discount rate for this project is 9.6%. Do the capital budgeting anaysis for this project and calculate its NPV. Note- Assume that the equplment is pid into use in year 1 . Question list Note: As sume that the equipment is put inte ise in yepr.1. Question 2 Question 3 Question 4 Depeeciasion in year 3 wil be 3202834 . (Round to the nearest dollar)