Dog Up! Franks is looking at a new sausage system with an installed cost of $897,000. This cost will be depreciated straight-line to zero over the project's 4-year life, at the end of which the sausage system can be scrapped for $138,000. The sausage system will save the firm $276,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $64,400. If the tax rate is 23 percent and the discount rate is 12 percent, what is the NPV of this project?

Multiple Choice $-27,313.48 $-53,325.42 $-50,786.12 $-94,843.63 $-118,316.27