Revenues Labor costs Other costs $460,000 227,000 82,000 The company will lease machinery for $185,000 per year. The lease payments start at the end of Year 1 and are expressed in nominal terms. Revenues will increase by 6 percent per year in real terms. Labor costs will increase by 5 percent per year in real terms. Other costs will increase by 3 percent per year in real terms. The rate of inflation is expected to be 5 percent per year. The required rate of return for this project is 9 percent in real terms. The company has a tax rate of 24 percent. All cash flows occur at year-end What is the NPV of the proposed toad ranch today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) NPV