Kiko Copies may buy a high-volume copier. The machine costs $ 150000 and this cost can be fully depreciated immediately. Kinky anticipates that the machine actually can be sold in 5 years for $ 37000. The machine will save $ 26000 a year in labour costs but will require an increase in working capital, mainly paper supplies, of $ 13000. The firm's marginal tax rate is 21%, and the discount rate is 7%. (Assume the net working capital will be recovered at the end of Year 5.)

What is the NPV of this project?