Chase Co is considering installing a new Laser machine which is expected to produce operating cash flows of $66.000 per year for Bys. At the beginning of the project, inventory will decrease by $21.800 accounts receivables will increase by $25.400 and accounts payable will increase by $100 A the end of the project not working capital will return to the level it was prior to undertaking the new project. The cost of the laser machine is 5282.000 The equipment will be depreciated straight line to a zero book value over the le of the project. The equipment will be salvaged at the end of the project creating artistax Gashow of $70.000. What is the net present value of this project given a required return of 11 percent