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Kinky Copies may buy a high - volume copier. The machine costs $ 3 0 , 0 0 0 and this cost can be fully

Kinky Copies may buy a high-volume copier. The machine costs $30,000 and this cost can be fully depreciated immediately. Kinky anticipates that the machine actually can be sold in 5 years for $12,000. The machine will save $26,000 a year in labor costs as an after-tax reduction, but will require an increase in working capital, mainly paper supplies, of $2,500. The firms marginal tax rate is 21%, and the discount rate is 10%.(Assume the net working capital will be recovered at the end of Year 5.) What is the NPV of this project?
(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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