Maldon Boats is considering investing in a machine that will cost 131674 and will last for three years. The machine will generate sales of 120,000 each year and the cost of goods sold will be 50% of sales. At the end of year three, the machine will be sold for 21674. The appropriate cost of capital is 11.7% p.a. Maldon Boats is in the 21% tax bracket and tax is paid at the end of the year income is received. Assume that Maldon Boats' new machine will be depreciated straight line to a book value of 11674 by the end of year three.

Compute the NPV for this project.