A company 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? Do not round the intermediate calculations and round the final answer to the nearest whole number.

Risk-adjusted WACC	10.0%
Net investment cost (depreciable basis)	$65,000
Straight-line depr. rate	33.3333%
Sales revenues, each year	$71,500
Annual operating costs (excl. depr.)	$25,000
Tax rate	35.0%

a) $22,928

b) $33,377

c) $34,828

d) $29,023

e) $25,831