Speed Queen Laundromat faces a 35% tax rate and uses a 10.4% discount rate. Speed Queen is purchasing a new $45,000 touchscreen laundry system that will raise annual sales by $8,700 and lower annual operating costs by $12,900. This system, which will have no salvage value, is expected to have a 4-year life and will be depreciated (straight-line) to zero. What is the NPV of purchasing the new laundry system?

Multiple Choice $8,868 $1,738 $11,496 $22,103 $24,047