Flatte Restaurant is considering the purchase of a $10,500 souffl maker. The souffl maker has an economic life of four years and will be fully depreciated by the straight-line method. The machine will produce 2,250 souffls per year, with each costing $2.70 to make and priced at $6.00. Assume that the discount rate is 15 percent and the tax rate is 34 percent.

What is the NPV of the project?