The Bellefonte Corp. is looking at a project to last three years. Suppose they depreciate the investment in three equal amounts over the life of the project. What is the net present value of the project in dollars and to the nearest cent. WACC 12.6% Required incremental investment in fixed assets at t = 0 $75,000 $75,000 Annual sales per year starting at t = 1 Operating costs (excl. depreciation) per year $25,000 Tax rate 21.0%