The Diamond Freight Company has been offered a seven-year contract to haul munitions tor the government. Since this contract would represent new business, the company would have to purchase several new heavy-duty trucks at a cost of $350,000 if the contract were accepted. Other data relating to the contract follow: Net annual rash receipts (before taxes) from the contract $105,000 Cost of replacing the motors in the trucks in four years 45,000 Salvage value of the trucks at termination of the contract 18,000 With the motors being replaced after four years, the trucks will have a useful life of seven years. To raise money to assist in the purchase of the new trucks, the company will sell several old, fully depreciated trucks for a total selling price of $16,000. The company uses the MACRS tables to compute depreciation for tax purposes and requires a 16% after-tax return on all equipment purchases. The tax rate is 30%. The trucks would be in the MACRS five-year property class. Required Compute the net present value of this investment opportunity. Round all dollar amounts to the nearest whole dollar. Would vou recommend that the contract be accepted