Sub$-$Prime Loan Company is thinking of opening a new office, and 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.$$ The equipment for the project would be depreciated by the straight$-$line method over the project$$s $3-$year life, after which it would be worth nothing and thus it would have a zero$-$salvage value.$$ No new working capital would be required, and revenues and other operating costs would be constant over the project$$s $3-$year life.$$ What is the project$$s NPV$?($Hint: Cash flows are constant in Years $1-3.)$ Show work in excel format.

WACC$10\mathrm{.}0\%$

Opportunity cost$$ $$100,000$

Net equipment cost $($depreciable basis$)$ $$65,000$

Straight$-$line deprec. rate for equipment$33\mathrm{.}333\%$

Sales revenues, each year$$ $$123,000$

Operating costs $($excl$.$ deprec.$),$ each year$$ $$25,000$

Tax rate$35\%$