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Fill in the 2 blanks Iker is the financial advisor for his company and is considering the purchase of excavation equipment which will cost $77,000.

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Iker is the financial advisor for his company and is considering the purchase of excavation equipment which will cost $77,000. The purchase of this equipment is expected to save his company $9,312 at the end of every year for 9 years. At the end of the 9 years, he expects the excavation equipment to have a residual (inflow) value of $15,500. The company requires a 4.8% rate of return. Round PV to the nearest cent. Round NPV to the nearest whole number. 1) What is the Net Present Value (NPV) of this equipment investment? (If the NPV is negative, enter it as a negative num ber. If the NPV is zero, enter 0.) NPV =$ (round to the nearest dollar)

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