Year 1 Year 2 Year 3 Year 4 5,200 Unit sales Sales price 5,700 $44.76 5,820 $46.79 sols $43.55 5,500 $42.57 $22.83 $66,750 $23.87 Variable cost per unit Fixed operating costs $22.97 $23.45 $68,950 $69,690 $68,900 This project will require an investment of $20,000 in new equipment. Under the new tax law, the equipment is eligible for 100% bonus deprecat t = 0, so it will be fully deprecated at the time of purchase. The equipment will have no salvage value at the end of the project's four year life. F pays a constant tax rate of 25%, and it has a weighted average cost of capital (WACC) of 11%, Determine what the project's net present value would be under the new tax law. Determine what the project's net present value (NPV) would be under the new tax law. $77,349 O $116,023 $96,686 $111,189 Now determine what the project's NPV would be when using straight-line depreciation Using the depreciation method will result in the highest NPV for the project