A company is thinking of investing in a 3 year investment project with cost of capital at 12% to evaluate the project.The corporate tax rate is 30% with the given cash flows.Calculate the NPV

Year 0 Sales revenues Cost of goods sold (50% of revenues) Depreciation expense Increase in net working capital Initial outlay Year 1 Year 2 Year 3 $100,000 $100,000 $100,000 $50,000 $50,000 $50,000 $30,000 $30,000 $30,000 S5,000 $5,000 $10,000 $90,000