Please show work.

Please show work

has been considering the purchase of a new manufacturing facility for $700,000. The facility is to be depreciated on a straight-line basis over 30 years. it is expected to have no value after those 30 years. Cash flows from depreciation are considered to be risk-free and so they should be discounted at the risk-free rate. Operating revenues from the facility are expected to be $100,000 during the first year. The revenues are expected to increase at the rate of 2.5% per year which is also expected to be the inflation rate. Production costs in the first year are $25,000, and they are expected to remain constant each year. The project ends after 30 years. tost of capital is 13%. Its corporate tax rate is 21%. The risk-free rate is 3%. What is the NPV of this project? (Hint: This might be easier to solve with formulas than with a spreadsheet)