Ace Co$.$ needs a new machine for its manufacturing facility. The machine Ace is considering will cost $$85,000.$ Employees will also have to be trained on the machine before they can use it$.$ Initial training costs will be $$5,000.$ Ace expects the new machine to increase net operating cash flows by $$18,000,$ but it will cost $$7,500$ to overhaul at the end of the fourth year. The estimated useful life of the machine is eight years. Ace estimates it will be able to sell the machine for $$5,000$ at the end of its useful life. Ace requires a $10\%$ rate of return on all investments. The net present value of this project is:

The answer is: $$3,242$

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