Sub-Prime Loan Company is thinking of opening a new office and the key data are shown below. The company owns the biulding 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) WACC = 10% Oppertunity cost = $100,000 Net equipment cost(depriciable basis) = $65,000 Straight-line depr. rate for equipment = 33.333% Sales revenues, each year = $123,000 Operating costs(excl depr) each year = $25,000 Tax rate = 35%