As a project manager you're trying to decide if you should add a night$-$shift to the

plant. If you do$,$ you expect to incur retooling costs, to allow for round the clock

operations, that would amount to $$25477$ per month for the next $4$ months

$($incurred at month end$).$ A full month after the final payment was made, you'd

expect to net $($after costs and taxes$)$ an additional $$27053$ per month. However,

you expect that monthly benefit to decline at a constant effective monthly rate of

$0\mathrm{.}3\%$ as competitors and markets adjust to the new increased output of the plant.

If your firm faces a cost of capital of $6\mathrm{.}7\%$ EAR, what would be the NPV of

pursuing the night$-$shift project?

Answer: