DeVault Services recently hired you as a consultant to help with its capital budgeting process. The 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 new working capital would be required. Revenues and other operating costs are expected to be constant over the project's $3-$year life. The risk$-$adjusted cost of capital is $0\mathrm{.}103.$ What is the project's NPV$?$

Risk$-$adjusted cost of capital

$0\mathrm{.}103$

Net investment cost $($depreciable basis$)$

$$100,693$

Straight$-$line deprec. rate

$33\mathrm{.}3333\%$

Sales revenues, each year

$$95,500$

Operating costs $($excl$.$ deprec.$),$ each year

$$43,000$

Tax rate

$27\mathrm{.}0\%$