The bonus depreciation in 2019 was O 20 O 50 O 100 percent.

Your firm is contemplating the purchase of a new $510,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $50,000 at the end of that time. You will be able to reduce working capital by $75,000 (this is a one-time reduction). The tax rate is 25 percent and the required return on the project is 13 percent. If the pretax cost savings are $150,000 per year, what is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)