Dog Up! Franks is looking at a new sausage system with an installed cost of $694,200. 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 $106,800. The sausage system will save the firm $213,600 per year in pretax operating costs, and the system requires an initial investment in net working capital of $49,840. If the tax rate is 22 percent and the discount rate is 12 percent, what is the NPV of this project?

Multiple Choice

$-39,279.29

$-72,184.26

$-90,350.04

$-19,243.07

$-37,408.85