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#8 O The management of Kimco is evaluating replacing their large mainframe computer with a modern network system that requires much less office space. The

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#8 O The management of Kimco is evaluating replacing their large mainframe computer with a modern network system that requires much less office space. The network would cost $492,345.00 (including installation costs) and due to efficiency gains, would generate $132,957.00 per year in operating cash flows (accounting for taxes and depreciation) over the next five years. The old mainframe has a remaining book value of $46,099.00 and would be immediately donated to a charity for the tax benefit Kimco's cost of capital is 8.00% and the tax rate is 39.00% What is the NPV for this project? Submit Answer format: Currency: Round to: 2 decimal places. Show Hint

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