2. Wet and Wild Water Company drills small commercial water wells. The company is in the process of analyzing the purchase of a new drill. Information 'on the proposal is provided below, Initial investment Asset $160,000 $32,000 Working capital Operations (peryear for four years): Cash receipts Cash expenditures $160,000 $ 88,000 Disinvestment: Salvage value of drill (existing) 16,000 20% Discount rate What is the net present value of the investment? Assume there is no recovery of working capital. Income taxes ar not considered