A company is considering purchasing equipment that will require an immediate outlay of $155.000.0 ver the equipment's 9 -year life, it will provide the cash benefits shown below. If the company's rate of return is 11% compounded annually, calculate the net present value (NPV) of the proposed purchase, and determine whether the purchase should be made according to the net present value criterion. The net present value of the project is $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.)