Question: Bring It On Home, Inc. is considering a new 4-year expansion project that requires an initial fixed asset investment of $3.53 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will have a market value of $224,000. The project requires an initial investment in net working capital of $334,500, all of which will be recovered at the end of the project. The project is estimated to generate $2,745,000 in annual sales, with costs of $1,156,000. The tax rate is 33 percent and the required return for the project is 16 percent. What is the net present value for this project?