A company is adding an additional machine to increase its operating capacity for the next 16 years. As utilization of the new machine ramps up, the company will see changes in revenues, operating costs, taxes, accounts receivable, inventories, accounts payable and other elements of net working capital. For each year during the project, expectations are detailed below: Revenue will be $103,290 Variable costs will be 63% of revenue Fixed costs (including depreciation expense) will be $27,295 Depreciation expense caused by the new machine will be $3,583 Accounts receivable will increase by $7,223 Inventory will increase $8,719 Accounts payable will increase $5,730 Accrued expenses will increase $1,839 The effective tax rate is 29%

During year 9 of the project, the machine will require a major overhaul, which will cost$9397. This investment will extend the useful life of the machine until the final year of the project (year 16). No other factors change, and at the end of year 16, the machine will have no salvage value, so there is no terminal value involved. If the initial investment is $14,908 and the required rate of return is 12.4%, what is the net present value of this proposal?

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234 If your result is less than zero, enter a negative number, like this: -90.1234

A company is adding an additional machine to increase its operating capacity for the next 16 years. As utilization of the new machine ramps up, the company will see changes in revenues, operating costs, taxes, accounts receivable, inventories, accounts payable and other elements of net working capital. For each year during the project, expectations are detailed below: Revenue will be $103,290 Variable costs will be 63% of revenue Fixed costs (including depreciation expense) will be $27,295 Depreciation expense caused by the new machine will be $3,583 Accounts receivable will increase by $7,223 Inventory will increase $8,719 Accounts payable will increase $5,730 Accrued expenses will increase $1,839 The effective tax rate is 29%

During year 9 of the project, the machine will require a major overhaul, which will cost$9397. This investment will extend the useful life of the machine until the final year of the project (year 16). No other factors change, and at the end of year 16, the machine will have no salvage value, so there is no terminal value involved. If the initial investment is $14,908 and the required rate of return is 12.4%, what is the net present value of this proposal?

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234 If your result is less than zero, enter a negative number, like this: -90.1234