Thomson Media is considering some new equipment whose data are shown below. The equipment has a 3-year tax life and would be fully depreciated by the…

Thomson Media is considering some new equipment whose data are shown below. The equipment has a 3-year tax life and would be fully depreciated by the straight-line method over three years, but it would have a positive pre-tax salvage value at the end of year three when the project would be closed down. Also, some new working capital would be required but it would be recovered at the end of the project’s life. Revenues and other operating costs are expected to be constant over the project’s three year life. What is the project’s NPV?WACC