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DataPoint Engineering is considering the purchase of a new piece of equipment for $ 3 2 0 , 0 0 0 . It has an

DataPoint Engineering is considering the purchase of a new piece of equipment for $320,000. It has an eight-year midpoint of its asset depreciation range (ADR). It will require an additional initial investment of $140,000 in nondepreciable working capital. $55000 of this investment will be recovered after the sixth year and will provide additional cash flow for that year. With the weighted average cost of capital being 12.55%, what is the net present avlaue. (The answer must use the WACC rounded to 2 decimal places a percent as the cost of capital. Do not round intermediate calculations and round your final answer to 2 deciimals. )
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