Land component. Assume that $5,000 of the $20,000 year 0 inv…

Land component. Assume that $5,000 of the $20,000 year 0 investment is for land, which is not depreciated. The remaining $15,000 of equipment is depreciated straight-line over seven years down to its $2,000 salvage value. In year 7, the land is sold for $5,000 (no tax is owed on the sale), in addition to the $2,000 after-tax salvage value of the equipment.What is the project’s NPV (in $ thousands)?