A project requires an initial investment in equipment of $90.000 and then requires an initial investment in working capital of $10.000 - 1. You expect the project to produce sales revenue of $120.000 per year for three years. You estimate mintacturing costs at 60 percent of revenues. Asume al revenues and cons occur atyarend 1,1-2, and t-3. The commentereciates using straight tine depreciation over threes. At the end of the project, the firm can sell the equipment to $10,000 and recover the investment in etworking capital. The corporate trate is 21 percent and the cost of capitalis 12 percent Calculate the NPV of the project 2,735 1203