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Speed Queen Laundromat faces a 34% tax rate and uses a 10.9% discount rate. Speed Queen is purchasing a new $46,500 touchscreen laundry system that

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Speed Queen Laundromat faces a 34% tax rate and uses a 10.9% discount rate. Speed Queen is purchasing a new $46,500 touchscreen laundry system that will raise annual sales by $9,700 and lower annual operating costs by $13,400. This system, which will have no salvage value, is expected to have a 5-year life and will be depreciated (straight-line) to zero. What is the NPV of purchasing the new laundry system

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