Vita $-$ max is considering buying a new water treatment system for its plant in Austin, Texas. The investment proposal passed the initial screening tests $($payback and accounting rate of return$)$ so the company no wants to analyze the proposal using the discounted cash flow methods. The water treatment system costs $$88,000,$ has a eight$-$year life, and has no residual value. The estimated net cash inflows from environmental cleanup savings are $$18,000$ per year over its life. The company's required rate of return is $20\%.$

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Requirements

Requirement $1.$ Compute the water treatment system's NPV$.($Enter any factor amounts to three decimal places

$\backslash$table$[[$Years$,,\backslash$table$[[$Net Cash$],[$Inflow$]],\backslash$table$[[$Annuity PV Factor$],[)=20\%,n=(8$