4) The Viking Corp is considering a new project whose data are shown below. The equipment that would be used has a 3 year life and would be depreciated over that time on a straight line basis and have zero salvape value. No chance in working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3 year life. What is the project's NPV? WACC Net Investment in Equipment (depreciable basis) Sales revenue each year Annual operating expenses (excluding Depreciation) Tax Rate Depreciation 10% $ 65,000 $ 55,500 $ 25,000 35% You Calc + 0 1 2 3 Year Revenue Op Costs Depreciation EBIT Tax NOPAT Add back Dep A/Tax Operating CF Investment in EQ Total Project CF NPV