A university student painter is considering the purchase of a new air compressor and paint gun to replace an old paint sprayer (Both items belong to Class 9 and have a 25% CCA rate) These two new items cost $13,000 and have a useful life of four years, at which time they can be sold for $2.600. The old paint sprayer can be sold now for $600 and could be scrapped for $350 in four years The entrepreneurial student believes that operating revenues will increase annually by $9.000. The tax rate is 22% and the requited rate of return is 15% What is the NPV of the new equipment? (Do not round intermediate calculotions. Round the final answer to 2 decimal pioces. Omit 5 sign in your response.) NPV $ Should the purchase be made