A firm is considering aproject that has the following estimated cashflows:

• Increased sales to business of $160,000 for the next 5 years (starting in one year's time).
• Increased costs of $20,000 forthe next five years (startingin one year's time).
• The initial capital expenditure requiredis $100,000, and salvage value at the end of 5 years is expected to be $30,000.
• Cost of the feasibility study is $10,000.

If the firm is facing a discount rate of 11%, what is the NPV of this project?

Ignore taxes.