A company is considering an investment (at time = 0) in a machine that produces pans. The cost of the machine is 47,552 dollars with zero expected salvage value. Annual production in units during the 3-year life of the machine is expected to be (starting at time = 1) 4,343, 7,282, and 10,383. The sale price per pan is 11 dollars in year one, and then expected to increase by 5% per year. Production costs per unit will be 5 dollars in year one, and then expected to increase by 4% per year. Depreciation on the machine is 13,982 dollars per year, the tax rate is 40% and the minimum acceptable rate of return is 13% percent. Calculate the net present value of this investment. Assume all flows are at the end of each year. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas).