Answer is between 1.46 and 1.83

Repeat all the steps in the video "Forecasting Incremental Earnings". Linksys is considering the development of a wireless home networking appliance, called HomeNet Sales forecast for HomeNet is 50,000 units per year. Linksys expects the product will have a four-year life and an expected wholesale price of $250 Actual production will be outsourced at a cost of $110 per unit Linksys will rent the lab space but will need to purchase $7.5 million of now equipment. The tab will be operational at the end of one year Linksys expects to spend $2.8 million per year on rental costs for the tab space The lab equipment will be depreciated using the straight-line method over a 5-year ifo Linksys' marginal corporate tax rate is 40% The cost of capital for this project is 12.00% How much is the "Year 1 to Year 4 incremental earnings for this project (in millions)? Enter your answer in the following format: + or -1.23Hint 1: Answer is between 1.46 and 1.83