Kolbys Korndogs is looking at a new sausage system with an installed cost of $685,000. This cost will be depreciated straight-line to zero over the projects 5-year life, at the end of which the sausage system can be scrapped for $91,000. The sausage system will save the firm $195,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $47,000. If the tax rate is 21 percent and the discount rate is 10 percent, what is the NPV of this project?

NOTE: $ - 24,273.45 is NOT correct. Connect says its wrong