Your company is considering a 4-year expansion project that requires an initial fixed asset investment of $169,000. The fixed asset will be...

Your company is considering a 4-year expansion project that requires an initial fixed asset investment of $169,000. The fixed asset will be depreciated straight-line to zero over its 4-year life. The project is estimated to generate $150,000 in annual sales, with costs of $82,000. The project requires an initial investment in net working capital of $20,000, and the fixed asset will be sold for $15,000 at the end of the project. The tax rate is 25%, and the required return is 11%. Find the NPV of the project.