FINA Corp. is considering a new project whose data are shown below. The equipment that...
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FINA Corp. is considering a new project whose data are shown below. The equipment that would be used has a 3 -year tax life, would be depreclated by the straight-line method over its 3-year life, and would have a zero salvage value. No change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3 -year life. What is the project's NPV? Risk-adjusted WACC \10.0 Net investment cost (depreciable basis) \\( \\$ 57,222 \\) Straight-line depreciation rate \33.3333 Sales revenues, each year \\( \\$ 53,342 \\) Annual operating costs (excl, depreciation) \\$18,417 ax rate \21.0
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