Zoe Building Supply considering a fence

Upfront cost = $150,000

Fence will reduce theft loss by $55,000 each year

for 3 years

Security expenses will be reduced by $15,000

each year for 3 years

Straight-line depreciation over 3 years

Tax rate = 34%

Discount rate = 10%

Should Zoe install the fence? Use NPV method for calculation.