NPV - part 1 This question (final answer) AND the next question (multi-part intermediate questions) relate to the following information. Hint: sketch out a cash flow table as you usually would so you can answer all of the related questions. A new (2 year) project would require the purchase of new equipment today at a cost of $11,000. The equipment would be depreciated on a straight-line basis over its 2-year useful life to a book value of $6000. At the end of the life of the project (at the year 2 point), the machine will be sold for an estimated $2000. The project will cause an increase in Sales of $10,000 in each of years 1 and 2, and an increase in operating expenses of $6000 in each of years 1 and 2. The project will require an increase in Inventory of $1600 and an increase in Accounts Payable of $1000 up front (year 0). These accounts are expected to gradually return to their pre-project levels over the 2-year life of the project. The firm's marginal tax rate is 30%, and its WACC is 10%. The NPV of this project is $_________.