Vista Company is considering two new projects, each requiring an equipment investment of $95,000. Each project will last for three years and produce the following cash inflows:

YearCoolHot

1$38,000$42,000

242,00042,000

348,00042,000

$128,000$126,000

The equipment will have no salvage value at the end of its three-year life. Vista Company uses straight-line depreciation and requires a minimum rate of return of 12%.

Compute the net present value of project Cool?