Shop Question 4 new project whose data are shown below. The equipment to be ciated on a straight-line basis over the project's 3-year life, and ar 3. No new working capital would be required. Revenues and tant over the project's life, and this is just one of the firm's many Spot-Free Car Wash is considering a new project whose data are sho used has a 3-year tax life, would be depreciated on a straight-line basis o would have a zero salvage value after Year 3. No new working capital other operating costs will be constant over the project's life, and this is just projects, so any losses on it can be used to offset profits in other units. I can be used to offset profits in other units. If the number of cars washed declined by 40% from the expected level, by how much would the from the expected level, by how much would the project's NPV decline? (Hint: Note that cash flows are constant at the Year 1 level, whatever that level is.) 202 W Project cost of capital (r) 10.0% Net investment cost (depreciable $60,000 basis) Sta2.d Number of cars washed 2,800 Average price per car $25.00 Sanab Fixed op. cost (excl. deprec.) $10,000 Variable op. cost/unit (i.e., VC per car 55275 washed) Annual depreciation $20,000 25.0% Tax rate 1010 2T woled riwo wo