A new electronic process monitor will cost Clarke Designs $126,000. This cost will be depreciated at 25 percent per year. The monitor will actually be worthless in six years. Assume the company has no other assets in the asset class. The new monitor would save Clarke $53,000 per year before taxes in operating costs. If Clarke requires a 11.5 percent return, what is the NPV of the purchase? Assume a tax rate of 38 percent. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)