The management of Niagara National Bank is considering an investment in automatic teller machines. The machines would cost $$175,200$ and have a useful life of seven years. The bank's controller has estimated that the automatic teller machines will save the bank $$36,500$ after taxes during each year of their life $($including the depreciation tax shield$).$ The machines will have no salvage value.

Use Appendix A for your reference.

Note: Use appropriate factor$($s$)$ from the tables provided.

EX $16-35($Algo$)$ Part $2$ Compute the net present value of the proposed investment.

$2.$ Compute the net present value of the proposed investment assuming an after$-$tax hurdle rate of $($a$)10$ percent, $($b$)12$ percent, and $($c$)14$ percent.

Note: Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.

$\backslash$table$[[$After$-$Tax Hurdle Rate,$\backslash$table$[[$Net Present$],[$Value$]]],[($a$)10$ percent,$],[($b$)12$ percent,$],[($c$)14$ percent,$]]$