What is the NPV of this project?

A machine is 15 years old, fully depreciated with no salvage value. Although it is old it is still functional as originally designed and can be used for a bit longer. The new machine will cost $81,500 and have an estimated life of 8 years (no salvage value). The new machine will be more efficient and this efficiency will increase earnings before depreciation from $26,000 to $52,000 per year. The new machine will be depreciated over its 5-year MACRS recovery period. The applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. The applicable corporate tax rate is 40%, and the project cost of capital is 10%.