The Awesome Blueberry Co. is evaluating the proposed acquisition of a new machine to pick blueberries. The machines base price is $249,000 and it would require another $20,000 for modification. The machine falls into the MACRS 3-year class [33%, 45%, 15%, and 7%]. It is estimated that it can be sold for $75,000 after 3-years, which is the life of the project. A one-time increase in net working capital of $10,000 is required initially. The machine will primarily save the company $75,000 per year in operating costs. The tax rate is 35%. If the cost of capital is 12%, what is the NPV of this project?

-$43,835

$45,678

-$24,699

$21,450