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KInky Coples may buy a high-volume copler. The machine costs $100,000 and this cost can be fully depreclated Immediately. KInky anticipates that the machine actually

image text in transcribed KInky Coples may buy a high-volume copler. The machine costs $100,000 and this cost can be fully depreclated Immediately. KInky anticipates that the machine actually can be sold in 5 years for $30,000. The machine will save $20,000 a year In (after-tax) labor costs but will require an Increase in working capital, mainly paper supplies, of $10,000. The firm's 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? Note: Negatlve amount should be Indlcated by a minus sign. Do not round Intermedlate calculations. Round your answer to 2 decimal places

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