31. Temple Corp. is considering a new project whose data are shown below. The equipment that would be used for 2-year, would be depreciated by the straight-line method over its 2-year life, and would have a zero salvage value. Revenues and other operating costs are expected to be constant over the projects life. What is the projects NPV?

WACC 10%

Equipment cost $50,000

Increase in NOWC $10,000

Sales, each year $60,000

Operating costs (excluding depreciation) $30,000

Tax rate 40%