Foley Systems is considering a new project whose data are shown below. Under the new tax law, the equipment for the project is eligible for $100\%$ bonus depreciation, so it will be fully depreciated at $t=0.$ After the project's $3-$year life, the equipment would have zero salvage value. The project would require additional net operating working capital $($NOWC$)$ that would be recovered at the end of the project's life. Revenues and operating costs are expected to be constant over the project's life. What is the project's NPV$?($Hint: Cash flows from operations are constant in Years $1$ to $3.)$ Do not round the intermediate calculations and round the final answer to the nearest whole number.

WACC

Equipment cost

Required net operating working capital $($NOWC$)$

Annual sales revenues

Annual operating costs

Tax rate

a$.$ $$41,497$

b$.$ $$20,604$

c$.$ $$37,133$

d$.$ $$45,361$

e$.$ $$39,869$

$10\mathrm{.}0\%$

$$106,000$

$$11,000$

$$88,000$

$$24,000$

$25\mathrm{.}0\%$