Jones Car Wash 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 straight line method over the project's 3 year life, and would have 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.If the number of cars washed declined by 50% from the expected level, by how much would the project's NPV change? (Hint: Cash flows are constant in Years 1-3.)

WACC 10%

Net equipment cost (depreciable basis) $60,000

Annual depreciation $20,000

Number of cars washed 2,800

Average price per car $25

Operating costs excl. depr'n $25,000

Tax rate 35%