Mattel is considering a new project that will cost $65,000. The equipment that would be used has a 3-year tax life. Under the 2017 tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. The equipment would have a zero salvage value at the end of the project's life. No change in net operating working capital (NOWG) woUld be required. Yearly sales revenue of $55,000 and annual operating costs of $25,000 are expected to be constant over the projects 3-yea life. The project's risk adjusted weighted average cost of capital (WACC) is 10% and the company's tax rate is 25%. Calculate the project's net present value (NV)