1. Temple Corp is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight-line method over its 3-year life, and would have a zero salvage value. No change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's NPV? Risk-adjusted WACC D 10.0% Net investment cost (depreciable basis) $65,000 Straight-line depreciation rate 33.3333% Sales revenues, each year $65,500 Annual operating costs (excl. depreciation) $25,000 Tax rate 35.0%