PLEASE USE EXCEL AND SHOW HOW IT IS SOLVED Problem $1[10$ points$]$:

TexMex Food Company is considering a new salsa whose data are shown below. The equipment to be

used would be depreciated by the straight$-$line method over its $3-$year life and would have a zero salvage

value, and no new working capital would be required. Revenues and other operating costs are expected

to be constant over the project's $3-$year life. However, this project would compete with other TexMex

products and would reduce their pre$-$tax annual cash flows. What is the project's NPV$?$