St. Johns River Shipyards' welding machine is 15 years old, fully depreciated, and has no salvage value. However, even though it is old, it is still functional as briginally deaigned and can be used for quite a while longer. A new welder will cost 5281,000 and have an estimated lafe of 8 years with ne salvage value. The hew welder will be much more efficient, however, and this enhanced efficiency will increase earnings before depreciation from $28,000 to 584,500 per year. The new machine will be depreclated over its 5 year Macks recovery period, so the applicable depreciation rates are 20.00\%, 32,00%,19.20%5,11.52%, 1.52%, and 5.76%. The applicable corporate tox rate is 25%, and the project cost of capitai is 11%. What is the NPV if the firm replaces the old welder with he new one? Do not round intermediate calculations, Round your answer to the nearest dollat, Negative value, if any, should be indicated by a minus sign