Q4 Question 4 12 Points EPC Ltd is considering a three-year investment project and will use a cost of capital of 12% to evaluate it. The company's corporate tax rate is 30% and the project team has prepared the following incremental cash flow projections. Year 0 Sales revenues Cost of goods sold (50% of revenues) Depreciation expense Increase in net working capital Initial outlay Year 1 Year 2 Year 3 $100,000 $100,000 $100,000 $50,000 $50,000 $50,000 $30,000 $30,000 $30,000 $5,000 $5,000 $10,000 -$90,000 Calculate the project's net present value. Show your calculations