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Kinky Coples may buy a high-volume copier. The machine costs $190,000 and this cost can be fully depreciated immediately. Kinky anticipates that the machine actually

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Kinky Coples may buy a high-volume copier. The machine costs $190,000 and this cost can be fully depreciated immediately. Kinky anticipates that the machine actually can be sold in 5 years for $46,000. The machine will save $34,000 a year in labor costs as an after-tax reduction, but will require an increase in working capital, mainly paper supplies, of $17,000. The firm's marginal tax rate is 21%, and the discount rate is 8%. (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.) NPV

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