Saxon Products, Incorporated, is investigating the purchase of a robot for use on the company's assembly line. Selected data relating to the robot are provided below. Cost of the robot Installation and software Annual savings in inventory carrying costs Annual increase in power and maintenance costs Salvage value in 5 years Useful life $ 2,000,000 $490,000 $ 218,000 $ 38,000 $ 78,000 5 years In addition to the data above, engineering studies suggest that use of the robot will result in a savings of 33,000 direct labor-hours each year. The labor rate is $16 per hour. Also, the smoother work flow made possible by the use of automation will allow the company to reduce the amount of inventory on hand by $408,000. This inventory reduction will take place at the end of the first year of operation; the released funds will be available for use elsewhere in the company. Saxon Products has a 19% required rate of return. Click here to view Exhibit 148-1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tables Req 1 Req 2A Req 2B Req 3A Req 3B Req 4A Req 48 Assume that the robot is purchased. However, due to unforeseen problems, software and installation costs were $83,000 more than estimated and direct labor could only be reduced by 26,500 hours per year, rather than the original estimate of 33,000 hours. Assuming that all other cost data is accurate, what would a postaudit suggest is the actual net present value of this investment? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Show less A Net present value