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 change in net operating 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 $1-3.)$ Do not round the intermediate calculations and round the final answer to the nearest whole number.

WACC

$10\mathrm{.}0\%$

Opportunity cost

$$100,000$

Net equipment cost $($depreciable basis$)$

$$65,000$

Straight$-$line depr. rate for equipment

$33\mathrm{.}333\%$

Annual sales revenues

$$128,000$

Annual operating costs $($excl$.$ depr.$)$

$$25,000$

Tax rate

$35\%$

$$

a$.020,353$

b$.021,575$

c$.021,168$

d$.022,592$

e$.017,707$