what is the answer to part C?

Current Attempt in Progress Tamarisk Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800. (a) Your answer is correct. Determine the cash payback period. (Ignore income taxes.) (Round answer to 3 decimal places, eg. 15.275.) Cash payback period years eTextbook and Media Your answer is correct. Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25\%.) Annual rate of return % eTextbook and Media Attempts: 1 of 3 used (c) Calculate the net present value assuming a 15% rate of return. (lgnore income taxes.) (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Click here to view the factor table. Net present value $ eTextbook and Media Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress Tamarisk Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800. (a) Your answer is correct. Determine the cash payback period. (Ignore income taxes.) (Round answer to 3 decimal places, eg. 15.275.) Cash payback period years eTextbook and Media Your answer is correct. Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25\%.) Annual rate of return % eTextbook and Media Attempts: 1 of 3 used (c) Calculate the net present value assuming a 15% rate of return. (lgnore income taxes.) (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Click here to view the factor table. Net present value $ eTextbook and Media Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be available when you complete the part above