Problem: FastTrack Bikes is thinking of developing a new composite road bike. Development will take eight years at a cost of $200,000 per year (e.g., at the end of years 1, 2, 3, 4, 5, 6, 7, and 8). Once in production, the bike is expected to generate $400,000 per year for 10 years. The first $400,000 will be received at the end of the ninth year. Assume the relevant interest rate is 10% per year, compounded annually. If all the cash flows are received or paid at the end of the year, calculate the Net Present Value (the value of this project in time t=0 dollars).