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Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $ 4 7 , 0 0 0 . The object

Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $47,000. The object is to save on horse transporter rentals.
Marsha had been renting a transporter every other week for $212 per day plus $1.60 per mile. Most of the trips are 80 or 100 miles in total. Marsha usually gives the driver, Joe Laminitis, a $50 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $0.57 per mile. Insurance costs for Marshas transporter are $1,800 per year.
The transporter will probably be worth $27,000(in real terms) after eight years, when Marshas horse Spike, will be ready to retire. Assume a nominal discount rate of 9% and a 3% forecasted inflation rate. Marshas transporter is a personal outlay, not a business or financial investment, so taxes can be ignored.
Calculate the NPV of the investment.
Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.

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