Sanders Enterprises, Inc., has been considering the purchase of a new manufacturing facility for $157,500. The facility is to be fully depreciated on a straight-line basis over 7 years. It is expected to have no resale value after the 7 years. Operating revenues from the facility are expected to be $89,000, in nominal terms, at the end of the first year. The revenues are expected to increase at the inflation rate of 5.3 percent. Production costs at the end of the first year will be $17,000, in nominal terms, and they are expected to increase at 6.3 percent per year. The real discount rate is 10 percent. The corporate tax rate is 30 percent. Sanders has other ongoing profitable operations.

What is the NPV?