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Flatte Restaurant is considering the purchase of a $9,600 souffl maker. The souffl maker has an economic life of eight years and will be fully

Flatte Restaurant is considering the purchase of a $9,600 souffl maker. The souffl maker has an economic life of eight years and will be fully depreciated by the straight-line method. The machine will produce 1,800 souffls per year, with each costing $2.20 to make and priced at $5.05. Assume that the discount rate is 10 percent and the tax rate is 40 percent. What is the NPV of the project?

What is the NPV of the project?

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