Calculate the Net Investment Value of this upgrade project for the initial year. Showing work. I really need to understand the process so I can apply later!

Total purchase technology cost is $57,000. In addition to the cost of this new asset the old technology can be sold for $10,000 in the market with a book value of $8000. the after tax salvage value from the replaced assets is established based on the difference between the market and book value of the old asset along with the effect of tax. This new technology will not cause them to increase its net working capital. Further, additional charges and estimations are as follows:

Staffing $16,000

Shipping & Insurance $4,000

Maintenance $2,000

Design & Implementation $3,000

Calculate the Net Investment Value of this upgrade project for the initial year using this information.