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Kingbird Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $ 1 3 1 ,

Kingbird Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost
$131,000 and have an estimated useful life of 5 years. The park will sell it for $60,900 at that time. (Amusement parks need to rotate
rides to keep people interested.) The ride will be expected to increase net annual cash flows by $24,400. The company's borrowing
rate is 8%. Its cost of capital is 10%.Calculate the net present value of this project to the company. (If the net present value is negative, use either a negative sign preceding the
number e.g.-45 or parentheses e.g.(45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g.1.25124.
Round present value answer to O decimal places, e.g.125.)

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