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Cori's Meatsis looking at a new sausage system with an installed cost of $530,000. This cost will be depreciated straight-line to zero over the project's

Cori's Meatsis looking at a new sausage system with an installed cost of $530,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped for $80,000. The sausage system will save the firm $210,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $39,000. If the tax rate is 25 percent and the discount rate is 9 percent, what is the NPV of this project?(2 decimal places)

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