Raphael Restaurant is considering the purchase of a $10,900 souffl maker. The souffl maker has an economic life of four years and will be fully depreciated by the straight-line method. The machine will produce 2,450 souffls per year, with each costing $3.00 to make and priced at $5.70. Assume that the discount rate is 12 percent and the tax rate is 34 percent.

What is the NPV of the project? (Do not round intermediate calculations andround your answer to 2 decimal places. (e.g., 32.16))

Should I accept the project?

And how is the answer found?