Ballabio Corporation is evaluating to purchase of new equipment. The price of the equipment, including shipping and installation, is $143,000. The equipment is fully depreciated at the time of purchase. The equipment would be sold after three years for $94,500. The equipment requires a $5,000 increase in net operating working capital. The new equipment would not affect the revenue, but the pretax labor cost would decline by $52,000 per year. The company tax rate is 25 percent, and the WACC is 8 percent. What is the NPV of the project? What is the NPV of the project?