$1$ point

A company is adding an additional machine to increase its operating capacity for the next $14$ years. As utilization of the new machine ramps up$,$ the company will see changes in revenues, operating costs, taxes, accounts receivable, inventories, accounts payable and other elements of net working capital. For each year during the project, expectations are detailed below:

Revenue will be $$102,275$

Variable costs will be $61\%$ of revenue

Fixed costs $($including depreciation expense$)$ will be $$28,042$

Depreciation expense caused by the new machine will be $$3,607$

Accounts receivable will increase by $$7,650$

Inventory will increase $$8,647$

Accounts payable will increase $$5,630$

Accrued expenses will increase $$1,051$

The effective tax rate is $25\%$

During year $9$ of the project, the machine will require a major overhaul, which will cost $$9992.$ This investment will extend the useful life of the machine until the final year of the project $($year $14).$ No other factors change, and at the end of year $14,$ the machine will have no salvage value, so there is no terminal value involved. If the initial investment is $$11,197$ and the required rate of return is $14\mathrm{.}5\%,$ what is the net present value of this proposal?

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $$90\mathrm{.}1234,$ enter $90\mathrm{.}1234$ If your result is less than zero, enter a negative number, like this: $-{90\mathrm{.}1234}_{?}$

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