Use the following to answer questions A and B:

(Ignore income taxes in this problem.) Turner Company has gathered the following data on a proposed investment project:

Investment in depreciable equipment. Annual cash flows. Salvage value of equipment . Life of the equipment . Required rate of return .

$225,000 $40,000 $0 15 years

8%

The company uses straight-line depreciation on all equipment.

A. The net present value of this investment is: ___________________