Fresh Co. is purchasing new equipment at a price of $160,000. The new equipment is expected to save $30,000 in cash payments annually. The equipment's estimated useful life is 8 years, with no residual value, and it is depreciated using the straight-line method. Fresh's predetermined minimum desired rate of return is 11%. The present value of an annuity of $1 at 11% for 8 periods is 5.146. Present value of $1 due in 8 periods at 11% is .434. Assuming an effective tax rate of 40%, what is the net present value based on the information above?$(67,372)