Fox Co$.$ is considering an investment that will have the following sales, variable costs, and fixed operating costs:

This project will require an investment of $$10,000$ in new equipment. Under the new tax law, the equipment is eligible for $100\%$ bonus deprecation at

$t=0,$ so it will be fully depreciated at the time of purchase. The equipment will have no salvage value at the end of the project's four$-$year life. Fox

pays a constant tax rate of $25\%,$ and it has a weighted average cost of capital $($WACC$)$ of $11\%.$ Determine what the project's net present value $($NPV$)$

would be under the new tax law.

Which of the following most closely approximates what the project's net present value $($NPV$)$ would be under the new tax law $($Hint: Round your final

answer to two decimal places and choose the value that most closely matches your answer.$)$

$$70,783\mathrm{.}45$

$$53,087\mathrm{.}59$

$$58,986\mathrm{.}21$

$$47,188\mathrm{.}97$