Question: Multimedia Entertainment is considering a project with an initial fixed asset cost of $ 6 6 0 , 0 0 0 that will be depreciated

Multimedia Entertainment is considering a project with an initial fixed asset cost of $660,000 that will be depreciated straight-line to a zero book value over the 6- year life of the project. At the end of the project, the equipment will be sold for an estimated $95,500. The project will generate sales of $285,000 per year. Variable costs are 23% of sales. Fixed costs are $10,500 per year. The tax rate is 21 percent and the required return is 13 percent. The project will require $27,000 in net working capital, which will be recouped in the final year of the project. What Is the project's NPV? Give your answer in dollars and cents.
To get full credit for this problem, fill in a Pro Forma Income Statement and a Cash Flow from Assets (CFFA) table. You will submit both to me. Be sure to show all your calculations.
 Multimedia Entertainment is considering a project with an initial fixed asset

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