BPG Corporation recently hired you as a financial consultant to help with its capital budgeting projections and estimation. The company is considering a new project and the 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 new 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? Risk-adjusted WACC Net investment cost (depreciable basis) Straight-line deprec. rate Sales revenues, each year Operating costs (excl. deprec.), each year Tax rate 10.00% $65.000 33.33% $65,500 $25,000 35.00% Years Investment cost Sales revenues |- Operating costs (excl. deprec.) - Depreciation rate = 33.333% Operating income (EBIT) -Taxes After-tax EBIT + Depreciation Cash flow NPV