A http:/ewconnect mheducation.com/flow/connect.html Chapter 9 Homework Help Check my work mode : This shows what is correct or Incorrect for the work you have completed so far It does not Indicate completion Return to question 15 Better Mousetraps has developed a new trap. It can go into production for an Initial Investment In equipment of $60 million, The equipment will be depreciated straight - line over 6 years to a value of zero, but, In fact, It can be sold after 6 years for $511,090. The firm believes that working capital at each date must be maintained at a level of 10% of next year's forecast sales. The firm estimates production costs equal to $1.80 per trap and be loves that the tops can be sold for $7 each. Sales forecasts are given in the following table. The project will come to an end In 6 years, when the trap becomes technologically obsolete. The firm's tax bracket is 35%, and the required rate of return on the project is Bi. Bales (millions of traps Thereafter Suppose the firm can cut its requirements for working capital In half by using better Inventory control systems. By how much will this Increase project NPV? (Enter your answer in millions rounded to 4 decimal places.) Answer is complete but not entirely correct. Change In NPV (0.8321) @ million