Dinky Co. is considering a $100,000 copier which would be depreciated straight-ine, 5 years to $20,000 salvage. The copier would need $10,000 in net working capital [NWC]. Dinky thinks the copier could be sold in 5 years for $30,000. The copier would not produce any additional revenue but is expected to save $20,000 a year in labor costs for 5 years. Dinky's tax rate is 35% and its WACC is 6.36%. Is this an acceptable 5 year proposed project for Dinky?

		Yes, the NPV = $19,500
		No, the NPV = -$10,894.31
		No, NPV = -$5,595