Question 23 20 pts Dramatic Corp. 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 its 3-year life, and would have a zero salvage value. No change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's NPV? Risk-adjusted WACC 10.0% Net investment cost (depreciable basis) $65,000 33.3333% Straight-line depreciation rate $65,500 Sales revenues, each year $25,000 Annual operating costs (excl. depreciation) 35.0% Tax rate MacBook Air so & - ga F2 0 FI esc 4 40 3 # 2 @ OLO! 1 E 3 G S A Z alt cmd40 ctrl fn