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.

What is the project's NPV?

Risk-adjusted WACC	10.0%
Net investment cost (depreciable basis)	$65,000
Straight-line deprec. rate	33.3333%
Sales revenues, each year	$65,500
Operating costs (excl. deprec.), each year	$25,000
Tax Rate 35%

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