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The company ABC Inc owns a machine that was purchased 3 years ago for 100000$. We estimate that this machine has an exchange value of 50000$ today. The operation manager of the company thinks that a new model of this equipment can improve the production and consequently the profitability of the division. The new model costs 250000$ and can be sold for 100000$ in 6 years (end of the project). The new machine can increase the EBIT of the division by 50000$/ year. The company's tax rate is at 40% and the new machine's depreciation rate is 25% with decreasing method. The required rate of return on this type of project is 12%. Calculate the Net Present Value of this project