Novak Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost

$$136,000$ and have an estimated useful life of $5$ years. The park will sell it for $$67,800$ at that time. $($Amusement parks need to rotate

rides to keep people interested.$)$ The ride will be expected to increase net annual cash flows by $$24,700.$ The company$$s borrowing

rate is $8\%.$ Its cost of capital is $10\%.$

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Calculate the net present value of this project to the company.