Smith Manufacturing is considering a new project with relevant data 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 new 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? Please solve this without the excel method.

Risk-adjusted WACC 10.25%

Net investment cost (depreciable basis) $90,000

Straight-line depreciation rate 33.3333%

Sales revenues, each year $75,000

Operating costs (excl. depreciation), each year $35,000

Tax rate 35.0%

Answer choices:

$770

$372

$584

$910