A project requires an initial investment in equipment of $90,000 and then requires an initial investment in working capital of $10,000 (at t = 0) You expect the project to produca sales revenue of $120.000 per year for three years. You estimate manufacturing costs at 60 percent of revenues. The equipment depreciates using straight-line depreciation over three years and has no salvage value. At the end of the project, the firm can sell the equipment for $10,000 and also recover the investment in net working capital. The corporate tax rate's 30 percent and the cost of capital is 15 percent Calculate the NPV of the project $10,416 $-2,735 $8.443 $17265