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We are replacing a fully depreciated old food processing machine with a new, more efficient model which costs $9000. The machine would be depreciated on

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We are replacing a fully depreciated old food processing machine with a new, more efficient model which costs $9000. The machine would be depreciated on a straight-line basis over its 3-year useful life to a book value of $200. At the end of the life of the project (at the year 3 point), the machine will be sold for an estimated $800. The old machine has zero book value and will be scrapped for no money. The project will cause an increase in Sales of $9000 in each of years 1 through 3. It is also expected to enhance efficiencies thereby reducing operating expenses by $3000 in each of years 1 through 3. The project will require an increase in Accounts Receivable of $500 and an decrease in Accounts Payable of $1700 up front. The firm's marginal tax rate is 40%, and its WACC is 12%. The NPV of this project is $ rounded to two decimal places. Answer in dollars

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