Temple Corp. is considering a new project whose data are shown below. The equipment that would be used has a 4-year tax life, would be depreciated by the straight-line method over its 4-year life, and would have a zero salvage value. At the end of the project, the equipment would be sold for $8,000 cash. No new working capital would be required. Revenues and other operating costs are expected to be constant over the project's 4-year life. What is the project's NPV? 10.0% Discount rate investment cost Sales revenues, each year Operating costs (excl. deprec.), each year $65,000 $65,500 $25,000 30.0% Tax rate Ans: Cash flow in Capital investment at Year 0 = $ Cash flow in Capital investment at Year 4 = $ OCF for Year 1 = $ OCF for Year 2 = $ OCF for Year 3 = $ OCF for Year 4 = $ Total CF for Year 0 = 5 Total CF for Year 1 = 5 Total CF for Year 2 = 5 Total CF for Year 3 = $ Total CF for Year 4 = $ NPV for the project = $