The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost

$ 45 comma 000$45,000

and have no residual value. Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology:

$ 15 comma 000$15,000

the first year;

$ 21 comma 000$21,000

the second year;

$ 27 comma 000$27,000

the third year. Assuming a

1212%

discount rate, what is the NPV of the kiosk investment? Is this a favorable investment? Why or why not?

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(Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.)

The NPV is $

.