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30. The Company is considering a new project of 2 years. The initial investment on the the machine costs $270,135, and will be depreciated on

30. The Company is considering a new project of 2 years. The initial investment on the the machine costs $270,135, and will be depreciated on a straight-line basis to zero over the project life. The machine will become worthless in the end. The project will brings in annual operating cash flow of $280,140 .It also requires an additional investment in net working capital of $6,000 initially, which will be fully recovered at the end of the project. The tax rate is 33%. The discount rate is 13% . Please compute the NPV of this project. (Round answers to two decimals, such as 1234.78)

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