Harbor Company is considering a project for manufacturing a new style of sportswear, the data are shown below. THe equipment to be used would be depreciated by the straight-line method over its 3-year life and would have a market value of $18 000 at the end of the project's life. New working capital equal to $12 000 would be required to invest in the initial period, after which it should be adjusted by inflation. Revenues and other operating costs are expected to change by the inflation rate of 3% per year over the project's 3-year life. What is the project's NPV? + WACC 10.0% Investment cost (depreciable basis) $128000 Straight-line depreciation rate 33.333% Sales revenues, year 1 $132500 Operating costs, year 1 (excl. deprec.) $23000 Tax rate 20.0% Inflation rate 3.0% Market value of the equipment $18000