Suppose you want to start a dry cleaning business. You project the following relevant assumptions for this business: It will cost you $150,000 in investment to purchase the necessary equipment to start this business. The equipment will last 10 years and can be depreciated to zero on a straight-line basis; You expect this business to last 10 years and believe you can generate $100,000 in revenue per year; You expect your costs will be $65,000 per year, not including depreciation; You expect your tax rate to be 40%; At the end of the 10 years you believe the salvage value of your equipment will be $15,000; You believe the appropriate discount rate for this project is 15%.

What is the NPV of the project?

A) +$100,000 < NPV

B) +$70,000 < NPV +$100,000

-C) $70,000 < NPV $0

D) NPV -$70,000