pts Tex Mex Food Company is considering a new salsa whose data are shown below. The equipment to be we would be depreciated by the straight-line method over its 3-year life and would have a mere salvage value, and now working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. However, this project would compete with other Tex Mex products and would reduce their pre- tax annual cash flows. What is the project's NPV if the project's cost of capital is 11.75967 (Hint: Cash flows are constant in Years 1-3.) Pre-tax cash flow reduction for other products (cannibalization) $5,000 $80.000 Investment cost (depreciable basis) Straight-line deprec. rate 33.333% Sales revenues, each year for 3 years S67,500 Annual operating costs (excl. deprec.) $25,000 Tax rate 35.0% O $962 O $1,311 O $2,016 $1,662