The president of your company, MorChuck Enterprises, has asked you to evaluate the proposed acquisition of a new chromatograph for the firm's R\&D department. The equipment's basic price is $68,000, and it would cost another $16,000 to modify it for special use by your firm. The chromatograph, which falls into the MACRS 3year class, would be sold after 3 years for $29,300. The MACRS rates for the first three years are 0.3333 , 0.4445 and 0.1481 . Use of the equipment would require an increase in net working capital (spare parts inventory) of $2,520. The machine would have no effect on revenues, but it is expected to save the firm $20,880 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 25%. Cash outflows and negative NPV value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest dollar