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 5% $75,000 $75,000 Required incremental investment in fixed assets at t = 0 Annual sales per year starting at t = 1 Operating costs (excl. depreciation) per year Tax rate $25.000 21.0%