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Mia is the financial advisor for her company and is considering the purchase of excavation equipment which will cost $ 7 2 , 0 0

Mia is the financial advisor for her company and is considering the purchase of excavation equipment which will cost $72,000.
The purchase of this equipment is expected to save her company $8,840 at the end of every year for 9 years.
At the end of the 9 years, she expects the excavation equipment to have a residual (inflow) value of $13,600. The companyyrequires a 4.9% rate of return.
Round PV to the nearest cent. Round NPV to the nearest whole number.
What is the Net Present Value (NPV) of this equipment investment?
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