Mar$$a Fernanda is the financial advisor for her company and is considernig tie purchase of excavation equipment which will cost $$86,000.$

The purchase of this equipment is expected to save her company $$8,032$ at the end of every year for $15$ years.

At the end of the $15$ years, she expects the excavation equipment to have a residual $($inflow$)$ value of $$11,000.$ The company requires a $5\mathrm{.}4\%$ rate of return.

Round PV to the nearest cent. Round NPV to the nearest whole number.

What is the Net Present Value $($NPV$)$ of this equipment investment?

Cash Inflows

$\backslash$table$[[$Cash Inflows,Payments $($Savings$),$Residual $($Inflow$)],[\frac{P}{Y}=,,],[\frac{C}{Y}=,,],[N=,1,],[\frac{1}{Y}=,\%,\%$