The Lansing community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak. The office's 5 Canon machines are expected to last 4 more years. They can each be sold immediately for $1, 200; their resale value in 4 years will be zero. The total cost of the new Kodak equipment will be $112,000; the equipment will have a life of 4 years and a total disposal value at that time of $2, 100. The 5 Canon operators are paid $8.10 an hour each. They work a 39-hour week and 50 weeks a year. The machines break down periodically, resulting in annual repair costs of $1, 080 for each machine. Supplies cost $1, 320 a year for each machine. The Kodak system will require only 2 regular operators to do the same work. Kodak has offered the college a maintenance contract that covers all machine breakdowns; the cost of the contract is $1, 080 per year. Total cost for all supplies will be $3, 120 per year. Required Assuming a discount rate of 14%, compute the difference between the net present value if the registrar's office keeps the Canon copiers and the net present value if it buys the Kodak copiers