Vancouver Inc. invests in a new piece of equipment, the Suspension Bridge, costing $140,000 on January 1, 2021. It intends to operate the equipment for five years when the scrap value will be zero. Expected net cash flows from the project are $15,000 in the first and second years and $25,000 for the last three years. The discount rate is 14 per cent and the rate of corporation tax is 35 per cent.

Calculate the projects post-tax NPV