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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

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 $877.At the end of the life of the project (at the year 3 point), the machine will be sold for an estimated $386.The project will cause an increase in Sales of $6727 in each of years 1 through 3.It is also expected to enhance efficiencies andreduceoperating expenses by $2652 in each of years 1 through 3.The project will require an increase in Accounts Receivable of $1235 and an increase in Accounts Payable of $828 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).

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