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Eastside Llama Llama Farms is considering the purchase of a mechanical harvester. It costs $180,000 and is expected to last for five years. They presently

Eastside Llama Llama Farms is considering the purchase of a mechanical harvester. It costs $180,000 and is expected to last for five years. They presently hire 10 workers at $3,000 per month for each of the six harvesting months each year. The equipment would eliminate the need for 3 workers. Eastside projects a salvage value of $23,000. Ignoring the tax implications and assuming the opportunity cost of funds is 8.0%, what is the Net Present Value (NPV) of this proposed investment? [12 points]

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