Question: (CH9 Problem 11) Adam, Inc. is considering a new five-year expansion project that requires and initial fixed asset investment of $190,000. The fixed asset will

 (CH9 Problem 11) Adam, Inc. is considering a new five-year expansion

(CH9 Problem 11) Adam, Inc. is considering a new five-year expansion project that requires and initial fixed asset investment of $190,000. 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 $919,000 in annual sales with costs of S188,000. The project requires an initial investment in net working capital of $69,500 and the fixed asset will have a market value of $34,550 at the end of the project. If the tax rate is 35 percent, and the discount rate is 13.7 percent, what is the project's Year 5 net cash flow? Round your answer to the nearest penny. Be sure to denote a cash outflow with a negative sign

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