The mayor of Trenton is considering the purchase of a new computer system for the city's tax department. The system costs $94,000 and has an expected life of five years. The mayor estimates the following savings will result if the system is purchased:

Year or Period		Savings				PV of $1 at 9%				PV of an ordinary annuity at 9%
1		$	39,000				0.917				0.917
2			44,000				0.842				1.759
3			49,000				0.772				2.531
4			34,000				0.708				3.240
5			31,000				0.650				3.890

Trenton uses a 9% discount rate for capital-budgeting decisions. A salesperson from a different computer company claims that his machine, which costs $104,000 and has an estimated service life of four years, will generate annual savings for the city of $38,000. If the discount rate is 9%, the net present value of this system would be: