22. Foley Systems is considering a new investment whose data are shown below. The equipment would be depreciated on a straight-line basis over the project's 3-year life, would have a zero salvage value, and would require some additional working capital that would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's life. What is the project's NPV? (Hint: Cash flows are constant in Years 1 to 3.) * WACC Net investment in fixed assets Requiral new working capital Straight-line deprec. rate Sales ngenues each year Operating costs (excl deprec.) each year Tax rate 10.09. $75.000 $15 000 33 3339 $75 000 $25.000 350M a. $23,852 b. $25,045 O c. $26,297 O d. $27,612 e. None of the above