Trionfale Sightseeing Company (TSC), located in San Marino, owns a large fleet of small airplanes to provide transportation services to the executives of the area corporations. The company is now considering to purchase of a new small airplane for $320,000 to replace the old one. In addition, the company needs to pay an additional $30,000 to install an advanced anti-icing system in the airplane for safety purposes. The companys old small airplane has a book value of $85,000, but can be sold for $98,000. It is going to be depreciated at a rate of $13,500 per year for four more years to zero salvage vale under the old depreciation method. The new small airplane will be depreciated using the 5-year MACRS schedule (please use the table below) and it would increase TSCs before-tax revenues by $71,000 per year but would also increase operating costs by $10,000 per year due to the more sophisticated maintenance. The new small airplane will be sold after 6 year for $210,000. The purchase of the small airplane will require an increase in net operating working capital of $20,000. The net operating working capital will be recovered after the new small airplane is sold. TSC is in the 34% tax bracket and TSCs weighted average cost of capital is 12 percent. What is NPV of this project, should TSC accept it? You must show your work and explain the approach that you take to find the solution (6 lines). Work without explanation receives zero.