TexMex Food Company is considering a new salsa 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 new working capital would be required. Revenues and other operating costs are expected to be constant over the projects 3-year life. However, this project would compete with other TexMex products and would reduce their pre-tax annual cash flows. What is the projects NPV? (Hint: Cash flows are constant in Years 1-3.) WACC 10.0% Pre-tax Cash Flow Reduction for Other Products (cannibalization) $5,000 Investment Cost (depreciable basis) $80,000 Straight-line Depreciation Rate 33.333% Depreciation Per Year $26,667 Sales Revenues Per Year $67,500 Annual Operating Costs Excluding Depreciation $25,000 Tax rate 35.0%