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Shamboat Springs Furniture, Inc. is considering purchasing a new finishing fathin that costs $50,978.00. The lathe wil generate revenues of $96,966.00 per year for five

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Shamboat Springs Furniture, Inc. is considering purchasing a new finishing fathin that costs $50,978.00. The lathe wil generate revenues of $96,966.00 per year for five years. The cost of materials and bor nooded to generate the revenues will total $51,43700 per year, and other cash expenses will be $11,092.00 per year. The machine is expected to sell for $1,319.00 at the end of the five-year he and will be depreciated on a straight-ine basis over five years to zero, Steamboat Springs marginal tax rate is 37.00 percent, and its cost of capital 13.00 percent What is the NPV of the project Answer FormatCurrenoy Round tot 2 decimal places Enter Answer Here sum Awe

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