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 three-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 three-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 is 10% Pre-tax cash flow reduction for other products (cannibalization) 5,000 Investment cost (depreciable basis) 80,000 Straight-line deprec. rate 33.333% Sales revenues, each year for three years 67,500 Annual operating costs (excl. deprec.) 25,000 Tax rate 35.0%