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Lalaland Inc is considering a project that requires an investment of $21,000 in NWC (in year 0) and $121,000 in fixed assets (year 0), which

Lalaland Inc is considering a project that requires an investment of $21,000 in NWC (in year 0) and $121,000 in fixed assets (year 0), which has 30% CCA class. Assume CCA pool will remain open. The unlevered net income of project is $61,300 per year, over the 3 years life of the project. The tax rate is 35% and required rate of return is 16%. The fixed assets have a salvage value of 28,500 at the end of project (Year 3). NWC will be recovered at the conclusion of the Project (in Year 3). What is the NPV of this project?

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