Problem 10-35 Cash Flows and NPV (LO2) We project unit sales for a new houschold-use laser-guided cockroach search and destroy system as follows: The new system will be priced to sell at $455 each. The cockroach eradicator project will require $,800000 in net working capital to start, and total net working capital will rise to 15% of the change in sales. The variable cost per unit is $325, and total fixed costs are $2,100,000 per yeor. The equipment necessary to begin production will cost a total of $20 million. This equipment is mostly industilat machinery and thus qualifes for CCA at a rate of 20% in five years, this equipment wil actually be worth about 20% of its cost. The relevant tax rate is 35%, and the required return is 19%. Based on these preliminary estimates, what is the NPV of the project? (Enter the onswer in dollers. Do not round your intermediate colculations, Round the final answer to 2 decimal ploces, Omit $ sign in your respense.) Problem 10-35 Cash Flows and NPV (LO2) We project unit sales for a new houschold-use laser-guided cockroach search and destroy system as follows: The new system will be priced to sell at $455 each. The cockroach eradicator project will require $,800000 in net working capital to start, and total net working capital will rise to 15% of the change in sales. The variable cost per unit is $325, and total fixed costs are $2,100,000 per yeor. The equipment necessary to begin production will cost a total of $20 million. This equipment is mostly industilat machinery and thus qualifes for CCA at a rate of 20% in five years, this equipment wil actually be worth about 20% of its cost. The relevant tax rate is 35%, and the required return is 19%. Based on these preliminary estimates, what is the NPV of the project? (Enter the onswer in dollers. Do not round your intermediate colculations, Round the final answer to 2 decimal ploces, Omit $ sign in your respense.)