In: Finance
We are evaluating a project that costs $840284, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 58696 units per year. Price per unit is $44, variable cost per unit is $17, and fixed costs are $424241 per year. The tax rate is 35%, and we require a return of 20% on this project. What is the NPV of this base-case? (Round answer to 2 decimal places. Do not round intermediate calculations)