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Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $9,600 and sell its old washer

Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $9,600 and sell its old washer for $3,400. The new washer will last for 6 years and save $2,900 a year in expenses. The opportunity cost of capital is 22%, and the firms tax rate is 21%.

What is NPV if the firm investment is entitled to immediate 100% bonus depreciation? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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