Problem $3\mathrm{.}1.$ A company is evaluating a new $5-$year project. The project will result in sales of $$300,000$ each year for the next $5$ years. The costs of production will be $$200,000$ each year. The project requires an initial purchase of equipment worth $$250,000.$ The equipment will be depreciated to zero using the straight line method over its life of five years. The equipment will be sold at a price of $$30,000$ at the end of five years. The project also requires net working capital of $$30,000$ for the first year. After that the net working capital requirement falls to $$25,000$ for years $2$ to $5.$ Finally, no net working capital is needed in year $6.$ The projections are based on a market research study conducted by a consulting firm for which the company has already paid $$6,000$ to the consulting firm. The corporate tax rate is $20\%$ and the discount rate for the project is $12\%.$ Assume all cash flows for a year $($including net working capital changes$)$ occur at the end of year. What is the net present value of the project? If the firm has $100,000$ shares, how does taking the project affect a share$$s value $($round the impact to cents$)?$ Prepare a table or use another method to show your calculation. Please show ALL workings.