Question: A new machine cost $41,000. The machine will be depreciated on a straight- line basis over 5 years to a salvage value of $1,000. The

A new machine cost $41,000. The machine will be depreciated on

A new machine cost $41,000. The machine will be depreciated on a straight- line basis over 5 years to a salvage value of $1,000. The machine will be sold 5 years from now for $13,000. The machine will provide 17,000 per year in savings for 5 years and will require net working capital investment of $2,000. The tax rate is 13% and the discount rate is 12%. Find the NPV of the project. Round your answer to the nearest dollar

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