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Hurzdan, Inc., is considering the purchase of a $361,000 computer with an economic li of five years. The computer will be fully depreciated over five

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Hurzdan, Inc., is considering the purchase of a $361,000 computer with an economic li of five years. The computer will be fully depreciated over five years using the straight- line method. The market value of the computer will be $61,000 in five years. The computer will replace five office employees whose combined annual salaries are $106,000. The machine will also immediately lower the firm's required net working capital by $81,000. This amount of net working capital will need to be replaced once th machine is sold. The corporate tax rate is 21 percent. The appropriate discount rate is 1 percent. Calculate the NPV of this project. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV

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