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  3. 3. information is associated with this project: fo

3. information is associated with this project: Foxglove Corp. is faced with an investment project....

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Finance

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3. information is associated with this project: Foxglove Corp. is faced with an investment project. The following Allowable Depreciation Year for 3-Yr. MACRS class Net Income* $50,000 60,000 70,000 60,000 0.3333 0.4445 0.1481 0.0741 2 *Assume no interest expenses and a zero-tax rate. The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated salvage value of $15, 000. In addition, the company expects an initial increase in net operating working capital of $5,000 which will be recovered in year 4. The cost of capital for the project is 12 percent. What is the project's net present value? (Round your final answer to the nearest whole dollar.)

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