0 Questions Florida Car Wash is considering a new project whose data are shown below. The equipment to be used has a 3-year tax life. Under the new tax law, the equipment is eligible for 100% bonus depreciation, so it will be fully depreciated at t=0. At the end of the project's 3-year life, it would have zero salvage vale No change in net operating working capital (NOWC) would be required for the project. Revenues and operating costs will be constant over the O project's life, and this is just one of the firm's many projects, so any losses on it can be used to offset profits in other units. If the number of cars washed declined by 40% from the expected level, by how much would the project's NPV change? (Hint: Note that cash flows are constant at the Year 1 level, whatever that level is) Do not round the intermediate calculations and round the final answer to the nearest whole number. . 10 21. 12 WACC 23 Number of cars washed 4 Average price per car Equipment cost Fixed op cost Variable op cost/unit (ie, VC per car washed) O Tax rate 10.0% $42,000 3,280 $20.00 $7,000 $5.375 25.0% 0 O $30.566 b-$37,097 Oc-$35.788 Od $39.367 e-$47,718