Question 5 (5 points) Moore Investments recently hired you as a consultant to help with its capital budgeting process. The company is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight line method over its 3-year life, and would have a zero salvage value. No new working capital would be required Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's NPV? Risk-adjusted WACC Net investment cost (depreciable basis) Straight line deprec. rate Sales revenues, each year Operating costs (excl deprec.), each year Tax rate 12.0% $60,000 33.3333% $60.000 $20,000 35.0%