Chadron Motors is looking at a new ordering system with an installed cost of $$187,400.$ This cost

will be depreciated straight$-$line to zero over the project's four$-$year life, at the end of which the

ordering system can be scrapped for $$25,000.$ The ordering system will save the firm $$69,000$ per

year in pretax operating costs, and the system requires an initial investment in net working capital of

$$9,000,$ which will be recouped at project end. If the tax rate is $34$ percent and the discount rate is

$11\mathrm{.}6$ percent, what is the NPV of this project?

$$2,077\mathrm{.}41$

$$6,508\mathrm{.}54$

$$11,101\mathrm{.}87$

$$8,325\mathrm{.}98$

$-$$$506\mathrm{.}53$