what is the NPV for this project?

here are the numbers:

Intro DeLuxe Furniture is thinking of buying a wood cutting machine for $160,000 that would save it $45,000 per year in production costs. The savings would be constant over the project's 3-year life. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The machine would require an additional $9,000 in net working capital. The appropriate cost of capital for this project is 13% and the company's tax rate is 35% Year 0 Year 1 Year 2 0 45,000 0 53,333 0 -8,333 45,000 53,333 -8,333 Year 3 45,000 53,333 -8,333 Cost savings Depreciation EBIT Taxes (35%) Net income Depreciation OCF NCS ANWC CFA What is the cash flow from assets in year 3? Hint: add the recovery of net working capital. 56916.55 Correct Cost savings Depreciation EBIT Taxes (35%) Net income Depreciation OCF NCS ANWC CFA Year 0 Year 1 Year 2 0 45,000 45,000 0 53,333 53,333 0 -8,333 -8,333 0 -2,917 -2,917 0 -5,417 -5,417 0 53,333 53,333 0 47,917 47,917 160,000 0 0 9,000 0 0 - 169,000 47,917 47.917 Year 3 45,000 53,333 -8,333 -2,917 -5,417 53,333 47,917 0 -9,000 56,917 Since the change in net working capital is subtracted to get cash flow from assets, the recovery of net working capital has to be entered with a negative sign in order to get the desired cash inflow: CFA3 = OCF - NCS - ANWC EBIT (1-t) + Dep. - NCS - ANWC = -8,333 (1-0.35)+ 53,333 - 0 - (-9,000) = 56,917 B Attempt 3/10 for 5 pts. Part 5 What is the NPV of this project? 0+ decimals Previous answers: 91997.13; -58626 Submit