- A. AaA Styles Editing Create and Share Request A. 21 T Adobe PDF Signatures Paragraph r Styles Adobe Acrobat Font 5 Problem 3 TopDog Corporation is considering a 3-year project with an initial cost of S960,000. The project will not directly produce any sales but will reduce operating costs by $350.000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $40,000. The tax rate is 28 percent. The project will require $40,000 in extra inventory for spare parts and accessories. Should this project be implemented if TopDog. Corporation requires an 9 percent rate of return? Why or why not? 1