What is the NPV assuming a $12\%$ rate of return. $($ignore Tax$)$ Bramble Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The

following information has been collected on this investment:

Depreciation is $$10,230$ per year for the old equipment. The straight$-$line depreciation method would be used for the new equipment

over an eight$-$year period with salvage value of $$4,600.$Calculate NPV assuming a $12\%$ rate of return