Thomson Media is considering some new equipment whose data is shown below. The equipment would be used for three years with straight-line depreciation. But it would have a positive pretax salvage value at the end of Year 3, when the project would be closed down. Also, additional net operating working capital would be required, but it would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's 3-year life. what is the projects NPV? round to nearest whole number. WACC 10.0% Net investment in fixed assets (depreciable basis) $70,000 Required NOWC $10,000 Straight line depreciation rate 33.33333% Annual Sales Revenue: $87,000 Annual Operating Costs (Excluding Depreciation) $30,000 Expected pre-tax salvage value $5,000 Tax rate 35% a. 42,402 b. 37,738 c.47,006 d.32,227 e.53,003 (written out non excel version)