11.6. New-Project Analysis: The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $1,111,000.00, and it would cost another $26,600.00 to install it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%), and it would be sold after 3 years for $486,000.00. The machine would require an increase in net working capital (inventory) of $9,000.00. The sprayer would not change revenues, but it is expected to save the firm $436,450.00 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 31.00%. d. If the project's cost of capital is 13.05%, what is the NPV of the project? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. $83,879.37 $96,336.71 $70,591.55 $83,048.88 $103,811.11