Bob Heavy Tools is considering the acquisition of a light truck, in order to expand the business to other geographical areas. If he can expand to other areas, additional business will represents an increase in Earnings before depreciation and taxes of $72,000 annually during the first 3 years and $38,000 annually in the last 3 years. Bob's cost of capital is 11% and is in the 30% marginal tax rate. If the light truck cost is $220,000, What is the net present value? DON'T MAKE INTERMEDIATE ROUNDINGS PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES USE TIME VALUE FORMULAS DON'T USE COMMA SEPARATORS