- The new harvester is not expected to affect revenue, but operating expenses will be reduced by $15,000 per year for 10 years. - The old harvester is now 5 years old, with 10 years of its scheduled life remaining. It was originally purchased for $97,000 and has been depreciated by the straightline method. - The old harvester can be sold for $23,000 today. - The new harvester will be depreciated by the straight-line method over its 10 -year life. - The corporate tax rate is 25 percent. - The firm's required rate of return is 13 percent. - The initial investment, the proceeds from selling the old harvester, and any resulting tax effects occur immediately. - All other cash flows occur at year-end. - The market value of each harvester at the end of its economic life is zero. - The old harvester can be sold for $23,000 today. - The new harvester will be depreciated by the straight-line method over its 10 -year life. - The corporate tax rate is 25 percent. - The firm's required rate of return is 13 percent. - The initial investment, the proceeds from selling the old harvester, and any resulting tax effects occur immediately. - All other cash flows occur at year-end. - The market value of each harvester at the end of its economic life is zero. Determine the break-even purchase price in terms of present value of the harvester. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)