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Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $43,000. 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 $43,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $208 per week plus $1.40 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $35 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $.53 per mile. Insurance costs for Marsha's transporter are $1,600 per year. The transporter will probably be worth $23,000 (in real terms) after eight years, when Marsha's horse Nike will be ready to retire. Assume a nominal discount rate of 9% and a forecasted inflation rate of 2% Marshas ransporter is a personal outlay, not a business or financ al investment, so taxes can be anored. Hin Ai numbers giver in the questions a en rea terms. Assume CF at end of rear 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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