Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $$46,000.$ The object is to save on

horse transporter rentals.

Marsha had been renting a transporter every other week for $$211$ per day plus $$1\mathrm{.}55$ per mile. Most of the trips are $80$ or $100$ miles in

total. Marsha usually gives the driver, Joe Laminitis, a $$45$ tip. With the new transporter she will only have to pay for diesel fuel and

maintenance, at about $$0\mathrm{.}56$ per mile. Insurance costs for Marsha's transporter are $$1,750$ per year.

The transporter will probably be worth $$26,000($in real terms$)$ after eight years, when Marsha's horse Spike, will be ready to retire.

Assume a nominal discount rate of $7\%$ and a $2\%$ forecasted inflation rate. Marsha's 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.