Suppose we are thinking about renovating a leased office. The renovations would cost $364,000. The renovations will be depreciated straight-line to zero over the five-year remainder of the lease. The new office would save us $36,000 per year in heating and cooling costs. Also, absenteeism should be reduced and the new image should increase revenues. These last two items would result in increased operating revenues of $43,000 annually. The tax rate is 36%, and the discount rate is 13%. Calculate the NPV for renovating a leased office. (Negative answers should be indicated by a minus sign. Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) NPV C Strictly from a financial perspective, should the renovations take place? Yes