BONUS (5 Points) A 3 year, cost-cutting project will increase operating cash flows by $58,500 a year. The machine costs $66,000 and initially requires a $20,000 investment in inventory which is recoverable at the end of the project. Assume the salvage value and book values of the machine are both zero after 3years. If the tax rate is 30 percent, what is the NPV of the project if the weighted average cost of capital for the firm is 15%? Show calculations.