Given the following information and assuming straight-line depreciation to zero, what is the NPV for this project? The initial investment in fixed assets is $40,000, the initial investment in net working capital is $5,000 and increases to $6,000 in the following year; the project life is 3 years and the OCF per year is $15,000. Assume a tax rate of 35% and a discount rate of 15%.

$5,000

-$5,751.62

-$7,676.09

-$10,751.62

$11,621.19