Thomson Media is considering some new equipment whose data are shown below. The equipment has a $3-$year tax life. Under the new tax law, the equipment is eligible for $100\%$ bonus depreciation, so it will be fully depreciated at $t=0.$ The equipment would have a positive pre$-$tax salvage value at the end of Year $3,$ when the project would be closed down. Also, additional net operating working capital $($NOWC$)$ would be required, but it would be recovered at the end of the project's life. Revenues and operating costs are expected to be constant over the project's $3-$year life. What is the project's NPV$?$ Do not round the intermediate calculations and round the final answer to the nearest whole number.

WACC

Equipment cost

Required net operating working capital $($NOWC$)$

Annual sales revenues

Annual operating costs

Expected pre$-$tax salvage value

Tax rate

$$ a$.$ $$5,650$

$\backslash$table$[[10\mathrm{.}0\%$