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You are the financial manager of a landscaping company and you are considering expanding your firm s machine park with a skid steer loader from

You are the financial manager of a landscaping company and you are considering expanding your firms machine park with a skid steer loader from Caterpillar. The machine will generate cash flows of $20,000 at the end of every year for 5 years. You plan to buy the machine for $50,000 today and sell it back in 5 years for $25,000. What is the NPV? Assume an interest rate of 8% per year. Enter your answer in dollars with 2 decimals.

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