X A Content X AnnotatedNot X| AnnotatedNot X |AnnotatedNot X M Question 4 - F X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mhed Assignment 5 Saved Problem 6-16 Project NPV Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $55,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $220 per day plus $2.00 per mile. Most of the trips are 80 or 100 miles in total. Marsha usually gives the driver, Joe Laminitis, a $40 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $0.65 per mile. Insurance costs for Marsha's transporter are $2,200 per year. The transporter will probably be worth $35,000 (in real terms) after eight years, when Marsha's horse Spike, will be ready to retire. Assume a nominal discount rate of 9% and a 2% forecasted inflation rate. Marsha's transporter is a personal outlay, not a business or financial investment, so taxes can be ignored. Calculate the NPV of the investment. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. NPV $ 19 Q Search