A company wants to expand by buying another machine in order to produce more products. The machine will cost $29533 and installation costs are expected to be $4274. The machine is expected to generate incremental after-tax cash flows of $8356 in the first year, $10457 in the second year and $24828 in the final year. What is the net present value of the project if the required rate of return is expected to be 12.0%