A company is considering buying new equipment at a cost of $450,000. The equipment will be depreciated on a straight line basis over three years to a zero salvage value. The new equipment will allow the firm to increase production and sales by 14,000 units per year in each of the next years. The firm sells its product for $25 per unit and incurs operating expenses of $ 9 per unit. The firm's tax rate is 40% and its norminal cost of ca[ital is 15%. If the firm expects both price and unit operating cost to increase by 4% per year, the same rate as expected inflation over the next three years, what is the NPV of the decision to buy new equipment? (Assume that inflation will increase price and operating expenses by 4% in each year, including the first year and that the expected inflation rate is already incorporated into the firm's nominal cost of capital.)