Robertson Candy, Inc. is considering a new project 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 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. However, this project would compete with other candy companies and would reduce their pre-tax annual cash flows. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.) Annual sales revenues $67.500 Annual operating costs (excl. depreciation) $25,000 Tax rate 35.0% $3,636 $3,828 $4,019 $4,220 $4,431