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Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate It cost $50,000. The object is to save on horse transporter rentals

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Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate It cost $50,000. The object is to save on horse transporter rentals Marsha had been renting a transporter every other week for $215 per week plus $1.75 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $40 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $.60 per mile. Insurance costs for Marsha's transporter are $1,950 per year The transponer wil p obably be worth S 30,000 in real ter ms anereignt years, when Marsha's horse Nnewal be ready to retire Assume a nominal discount rate of 7% and a forecasted i at n rate of 3% Marsha's transporter is a personal outlay, not a business or financial mestrment, so taxes can be ignored Hnt All numbers given in the questions are in real terms Assume CF at end or year simplicity Calculate the NPV of the investment. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount) NPV

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