Beca Fishing Company is contemplating the purchase of a new smoker. The smoker will cost $67,200 but will generate additional revenue of $36,100 per year for 6 years. Additional costs, other than depreciation, will equal $10,000 per year. The smoker has an expected life of 6 years, at which time it will have no residual value. Beca uses the straight-line method of depreciation for tax purposes. Determine the net present value of the investment if the required rate of return is 15 percent and the tax rate is 40 percent.