Question: Question 30 4 pts Atlantic Manufacturing is considering a new investment project that will last for four years. The delivered and installed cost of the

 Question 30 4 pts Atlantic Manufacturing is considering a new investment

Question 30 4 pts Atlantic Manufacturing is considering a new investment project that will last for four years. The delivered and installed cost of the machine needed for the project is $23,855 and it will be depreciated according to the three-year MACRS schedule. The project also requires an initial increase in net working capital of $299. Financial projections for sales and costs are in the table below. In addition, since sales are expected to fluctuate, NWC requirements will also fluctuate. The end-of-year NWC requirements are included below (hint: these NWC capital requirements DO NOT represent the change in NWC for the period). The $0 requirement for NWC at the end of year 4 means that all NWC is recovered by the end of the project. The corporate tax rate is 35% and the required return on the project is 12%. Year 1 2 3 4 Sales $11,137 $12,265 $13,406 $10,096 Costs 2,017 2,994 3,393 1,448 NWC Requirements 325 355 249 O What is the project's NPV? (Round answer to 2 decimal places. Do not round intermediate calculations)

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