Perot Corporation is developing a new CPU chip based on a new type of technology. Its new chip, the Patay2 chip will take two years to develop. However, because other chip manufacturers will be able to copy the technology, it will have a market life of two years after it is introduced. Perot expects to be able to price the chip higher in the first year, and it anticipates a significant production cost reduction after the first year as well. The relevant information for developing and selling the Patay2 is given as follows: PATAY2 CHIP PRODUCT ESTIMATES Development cost $ 20,000,000 Pilot testing $ 5,000,000 Debug 2,700,000 Ramp-up cost 3,000,000 Advance marketing 4,401) 000 Marketing and support cost 1,000,000 per year Unit production cost year 1 655.00 Unit production cost year 2 Unit price year 1 820.00 Unit price year 2 650.00 Sales and production volume year 1 250,000 $ $ $ $ 545.00 Unit price year 2 Sales and production volume year 1 Sales and production volume year 2 Interest rate 650.00 250,000 150, eee 10 % PATAY2 CHP PROTECT TIMING YEAR 1 YEAR 2 YEAR 3 IST 2ND IST 2ND 2ND HALF HALF HALF HAU HALF HALF IST YEAR 4 IST 2ND HAL HALF PROTECT SCHEDULE PATAY CHIP Development Pilot Testing Debus Ramp-up Advance Marketing Marketing and Support Production and Sales W c. If sales are only 200,000 the first year and 100,000 the second year, what would the NPV of the project be? Assume the development costs and sales price are as originally estimated. (Negative value should be indicated by a minus sign. Enter your answer in thousands of dollars. Round your answer to the nearest thousand.) Net present value