Problem 10-35 Cash Flows and NPV (LO2) We project unit sales for a new household-use laser.guided cockroach search and destroy system as follows: Year 1 2 3 4 Unit Sales 102,500 114,500 137,500 143,500 96,500 The new system will be priced to sell at $490 each The cockroach eradicator project will require $1,700,000 in net working capital to start, and total networking capital will rise to 15% of the change in sales. The variable cost per unit is $360, and total fixed costs are $2,800,000 per year. The equipment necessary to begin production will cost a total of $24 million. This equipment is mostly industrial machinery and thus qualifies for CCA at a rate of 20%. In five years, this equipment will actually be worth about 20% of its cost. The relevant tax rate is 35%, and the required return is 14%. Based on these preliminary estimates, what is the NPV of the project? (Enter the answer in dollars. Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) NPV $