Question: DeVault Services recently hired you as a consultant to help with its capital budgeting process. The company is considering a new project whose data are

 DeVault Services recently hired you as a consultant to help with

DeVault Services recently hired you as a consultant to help with its capital budgeting process. The company is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straightline method over its 3-year life, and would have a zero salvage value. No new working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. The risk-adjusted cost of capital is 0.108 . What is the project's NPV

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