Use the information given to compute the net present value for the project. Company has developed Project X. The key financial data are presented below
 

An investment of $150,000,000 in capital equipment is required. An investment of $40,000,000 in working capital is required. Annual sales are 100,000 units at a price of $2,200 per unit. The variable cost for each unit is $1,250. Fixed costs are $36,000,000 per year. Depreciation of the capital equipment is straight-line-to-zero. The corporate taxation rate is 30 percent. The discount rate that should be applied to the project is 19 percent. The project has a life of 11 years. All working capital is returned at the end of the project.