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You are considering creating a new product line in warehousespace that originally cost you $48,997 9 years ago. The required machinery would cost $9,515, should last 13 years,after which could be scrapped for $852.Net working capital would need to immediately increase by$3,687, but could return to normal levels after 13 years.Annual sales and operating costs are expected to be $9,189 and$1,999, respectively.9% of customers are expected to switch over from your existingproduct lines.Your firm's cost of capital (WACC) is 9% and effectivecorporate tax rate is 37%.Your firm uses straight line depreciation as its depreciationmethod.What is this project's net present value(NPV)? Enter your answer in decimal format totwo decimal places (e.g., $1,538.72 would be entered as1538.72).