(CH9 Problem 11) Adam, Inc. is considering a new five-year expansion project that requires and initial fixed asset investment of $450,000. The fixed asset will be depreciated straight-line to zero over its five-year tax life, after which time it will be worthless. The project is estimated to generate $1,450,000 in annual sales with costs of $269,400. The project requires an initial investment in net working capital of $78,500 and the fixed asset will have a market value of $61,400 at the end of the project. If the tax rate is 40 percent, and the discount rate is 15.8 percent, what is the project's NPV? Round your answer to the nearest penny. Be sure to denote a cash outflow with a negative sign. (CH9 Problem 11) Adam, Inc. is considering a new five-year expansion project that requires and initial fixed asset investment of $450,000. The fixed asset will be depreciated straight-line to zero over its five-year tax life, after which time it will be worthless. The project is estimated to generate $1,450,000 in annual sales with costs of $269,400. The project requires an initial investment in net working capital of $78,500 and the fixed asset will have a market value of $61,400 at the end of the project. If the tax rate is 40 percent, and the discount rate is 15.8 percent, what is the project's NPV? Round your answer to the nearest penny. Be sure to denote a cash outflow with a negative sign