Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV$?$ Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC:

$10\mathrm{.}00\%$

Year

$0$

$1$

$2$

$3$

Cash flows

$-$$$1,000$

$$500$

$$400$

$$300$