3. Company X expects to sell 10,000 units of new product at an average price of $10 each for each of the next three years. Costs-of-goods sold is expected to be 35% of sales in the first year and then be 30% of sales for the following two years. Fixed costs will be $10,000 for each year. The machine required to make the new products will cost $125,000 to buy and will be depreciated using the MACRS 3- year class (33.33; 44.45; 14.81; 7.41). The machine will be sold after the third year. The selling price will be $50,000. The tax rate will be 36%. Working capital will be $10,000. The company's optimal capital structure is 35% debt, 5% Opreferred stock, and 60% common equity. The company's bonds have a beta of 0.2, the risk premium is 6.7%, and the tax rate, again, is 36%. The preferred stock has a price of $65 and a dividend of $7.10. Common equity has a current price of $25 and paid a dividend this past year of $2.75. Analysts expect the stock to grow at the rate of 6% for the foreseeable future. What is the NPV of this project