13. The ABC Company is considering buying a new machine for one of its factories. The cost of the machine is $12,625, the expected life span is nine years, and it is depreciated using the straight-line depreciation method. The machine is expected to generate additional annual revenue of $6,075 over the next nine years. The yearly cost of the goods sold (COGS) is $1,480 per year, and other costs, selling, general, and administrative expenses (GS&A) are $905 per year. At the end of 9 years, the machines terminal value is zero. The firms tax rate is 24.9%. The firms discount rate for projects of this kind is 10.45%. What is the net present value of this project?

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