calculate npv

VolfCon INC, Investment NPV TechGiant anticipates that the demand for webcams and microphones will increase in the near future. Te meet the market demand and a new trend in the market, the company would like to produce a new webcam with built-in microphone from January 2021. To produce this new webcam, the company can either choose to update an existing machine, or invest in a new machine that is more efficient and produces more advanced models. This new machine requires an initial investment of 8 361 600. It has an expected life time of 4 years and has a salvage value of 835 200. The firm uses the straight-line depreciation method. The company anticipates that it can generate 3 327 600 per year in sales (cash) during the first 3 years, and 3 221 400 per year for the fourth year. Expected variable costs for production and sales per year are 1 008 900. The firm also anticipates the machine requires maintenance twice, the costs of maintenance will be 140 000 at the end of the 1st and 140 000 at the end of the 3th year. The company uses a discount rate of 12 %. Compute the Net Present Value to the firm of investing in this new machine. [Round your final answer to 2 digits, e.g. 1234.56.] NPV: 1