Rio Rancho Loan Company is considering opening a new office; the key data are shown below. The company owns the building that would be used, and it could sell it for $$100,000$ after taxes if it decides not to open the new office. Under the new tax law, the equipment used in the project is eligible for $100\%$ bonus depreciation, so it will be fully depreciated at $t=0.$ At the end of the project's life, the equipment would have zero salvage value. No change in net operating working capital $($NOWC$)$ would be required for the project. Revenues and operating costs would be constant over the project's $3-$year life. What is the project's NPV$?($Hint: Cash flows are constant in Years $1-3.)$ Do not round the intermediate calculations and round the final answer to the nearest whole number.

WACC

$10\mathrm{.}0\%$

Opportunity cost

$$100,000$

Equipment cost$)$

$$65,000$

Annual sales revenues $$116,000$

Annual operating costs $$25,000$

Tax rate

$25\mathrm{.}0\%$

$$20,978$

$$18,450$

$$34,900$

$$12,543$

$$36,761$