Temple Corp. is considering a new project whose data are shownbelow. Theequipmen

Temple Corp. is considering a new project whose data are shownbelow. Theequipment that would be used has a three-year tax life would bedepreciated bythe straight-line method over its three-year life and would have azero salvagevalue. No new working capital would be required. Revenues and otheroperatingcosts are expected to be constant over the projects three-yearlife. What isthe projects NPV?Risk-adjusted WACCNet investment cost (depreciablebasis)Straight-line deprec. rateSales revenues each yearOperating costs (excl. deprec.) each yearTax rate 10.0%$6500033.333%$65500$2500035.0%a. $15740b. $16569c. $17441d. $18359e. $19325