A certain company owns a building that be used, for a new warehouse...and it could sell it for $100,000 after taxes should it not open the warehouse.

The equipment for the project would be depreciated using straight line methods with the project's 3-year life.

There would be no salvage value.

No new capital would necessary, revenues, and other operating-costs being constant over three year life of project. What's the project's NPV? Use Excel to show work.

Project cost of capital (r) 10.0%

Opportunity cost $100,000

Net equipment cost $65,000

Using the straight line depreciation rate equipment 33.333%

Sales revenues, year $123,000

Operating costs yearly $25,000

Tax rate is 25%

Please Show Excel Functions.