Project X involves a new type of graphite composite in-line skate wheel. We think we can sell 6,000 units per year at a price of $1,000 each. Variable costs will run about $400 per unit, and the product should have a four-year life. Fixed costs for the project will run $450,000 per year. We also engaged the service of a consulting company to run a feasibility study on the project, and we paid $250,000 for it, on top of $100,000 for R\&D. Further, we will need to invest a total of $1,250,000 in manufacturing equipment. This equipment is seven-year MACRS property for tax purposes. In four years, the equipment will be worth about half of what we paid for it. We will have to invest $1,150,000 in net working capital at the start. Using MS Excel spreadsheet, combined with MS Word, prepare an analysis and a report for the NPV of the investment project