iii) Alpha Company has an opportunity to manufacture and sell a new product for a 3-year period. The company's discount rate is 12%. After careful study, Alpha estimated the following costs and revenues for the new product: Cost of equipment needed 200,000 Working capital needed 50,000 Repair of the equipment in first year $5000. Salvage value of the equipment in 3 years 15000. Annual revenues and costs: Sales revenue 500,000 Variable expenses 250,000 Fixed out-of-pocket operating costs 50,000 When the project concludes in 3r years the working capital will be released for investment elsewhere within the company. What is the NPV of the project?