$12,400 and have a useful life of four years, at which time they can be sold for $2,000. The old paint sprayer can be sold now for $540 and could be scrapped for $290 in four years. The entrepreneurial student believes that operating revenues will increase annually by $8,400. The tax rate is 22% and the required rate of return is 15%. What is the NPV of the new equipment? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) NPV $ Should the purchase be made? Yes No