Your corporation is considering a new equipment whose data are shown below. The equipment has a $3-$year tax life. The equipment is eligible for $100\%$ bonus depreciation. 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. 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 $10\mathrm{.}0\%$

Equipment cost

$$70,000$

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

$$10,000$

Annual sales revenues

$$61,000$

Annual operating costs

$$30,000$

Expected pre$-$tax salvage value

$$5,000$

Tax rate

$25\mathrm{.}0\%$