Splish Corp. is planning to replace an old asset with new equipment that will operate more efficiently. The following amounts may be relevant to this analysis.

$\backslash$table$[[$Cost of old asset,$$11,400,],[$Book value of old asset,$$2,100,],[$Selling price of old asset,$$2,100,],[$Purchase price of new replacement asset,$$19,600,],[$Estimated salvage value of new asset,$$2,100,$years$],[$Estimated useful life of new asset,$$2,900,/$year for $5$ years$],[$Estimated annual net operating cash inflows,$9\%,],[$Discount rate,$20\%,]]$

Determine which amounts listed are relevant cash flows for Splish Corp. as it considers this asset sale and replacement.

Cost of old asset

Book value of old asset

Selling price of old asset

Purchase price of new replacement asset

Estimated salvage value of new asset

Estimated annual net operating cash inflows

Then, find the NPV of the new investment. $($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $2$ decimal places e$.$g$.5,125\mathrm{.}36.$ Enter negative amounts using either a negative sign preceding the number, e$.$g$.-5,125\mathrm{.}36$ or parentheses, e$.$g$.(5,125\mathrm{.}36).)$

Click here to view the factor table

NPV $