Problem 9-7. Adrian Sonnetson, the owner of Vermillion Motors, is considering the addition of a paint and body shop to his automobile dealership. Construction of a building and the purchase of necessary equipment is estimated to cost $784,400, and both the building and equipment will be depreciated over 10 years using the straight-line method. The building and equipment have zero estimated residual value at the end of 10 years. Sonnetson's required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows: Revenue $657,600 Less: Material cost 69,100 Labor 153,638 Depreciation 78,440 Other 8,000 Income before 348,422 taxes Taxes at 40% 139,369 Net income $209,053 Determine the net present value of the investment in the paint and body shop. Enter your answers as amounts only with neither commas nor decimals ROUNDED TO THE NEAREST DOLLAR. e.g., 8599.99 is rounded to 8600