Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $$52,000.$ The object is to save on horse transporter rentals.

Marsha had been renting a transporter every other week for $$217$ per day plus $$1\mathrm{.}85$ per mile. Most $\frac{?}{\text{b}\text{a}\text{r}}(f)$ 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\mathrm{.}62$ per mile. Insurance costs for Marsha's transporter are $$2,050$ per year.

The transporter will probably be worth $$32,000($in real terms$)$ after eight years, when Marsha's horse Spike, will be ready to retire. Assume a nominal discount rate of $10\%$ 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.

Answer is complete but not entirely correct.

NPV $$31,915$aleph