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 $12,000. The equipment would be depreciated on a straight-line basis over its 2- year useful life to a book value of $5000. 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 $9000 in each of years 1 and 2, and an increase in operating expenses of $4000 in each of years 1 and 2. The project will require an increase in Inventory of $1800 and an increase in Accounts Payable of $1400 up front (year O). 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 $ Round your final answer to 2 decimal places (example: 1234.56). Do not round intermediate work. Enter a negative sign preceding your figure if appropriate. . Do not enter $ or, Margin of error for correct responses: +/- $1