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A new project involves the purchase of a $9000 food processing machine. The machine would be depreciated on a straight-line basis over its 3 -year

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A new project involves the purchase of a $9000 food processing machine. The machine would be depreciated on a straight-line basis over its 3 -year useful life to a book value of $469. At the end of the life of the project (at the year 3 point), the machine will be sold for an estimated $116. The project will cause an increase-in Sales of $6,440 in each of years 1 through 3. It is also expected to enhance efficiencies and reduce operating expenses by $2,431 in each of years 1 through 3 . The project will require an increase in Accounts Receivable of $512 and an increase in Accounts Payable of $1,547 up front. The project's impact on these accounts is expected to disappear at project end (in year 3). The firm's marginal tax rate is 40%, and its WACC is 12%. The NPV of this project is $ Round your final answer to 2 decimal places (example: if your answer is 12.3456 , you should enter 12.35 ). Margin of error for correct responses: +/0.1 NOTE: You should not round any intermediate work -- only round when you reach your final answer. If your final answer is negative, enter a negative sign preceding your figure

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