Overnight Laundry is considering the purchase of a new pressing machine that would cost $96000 and produce incremental operating cash flows of $25000 annually for 10 years. The machine has a terminal value of $6000 and is depreciated for income tax purposes using straightline depreciation over a 10-year life. Overnight Laundry's marginal tax rate is 33.3 per cent. The entity uses a discount rate of 18 per cent. Required What is the NPV of the project