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Cash Flows and NPV Patsy's Pools is considering a new 6-year project to produce a...

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Cash Flows and NPV Patsy's Pools is considering a new 6-year project to produce a new line of above-ground pools. The equipment necessary costs $990,000 and will be depreciated using straight-line depreciation to a book value of zero. At the end of the project, the equipment can be sold for $330,000. The company believes that it can generate sales of $780,000 per year. Variable costs will be $475,000 per year and fixed costs will be $70,000 per year. The project will require an initial investment in net working capital of $82,000 that will be recovered at the end of the project. The required rate of return is 12 percent and the tax rate is 21 percent. What is the NPV? Round your answer to the nearest dollar amount. Numeric Response

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