Financial 功課 (Project Evaluation)

Kolby’s Korndogs is looking at a new sausage system with an installed cost of $858,000. This will be depreciated straight-line to zero over the project's 5-year life, at the end of which the sausage system can be scrapped for $132,000. The sausage system will save the firm $264,000 per year in pretax operating costs, and it requires an initial investment in net working capital of $61,600. If the tax rate is 32 percent and the discount rate is 12 percent, the NPV of this project is $ ______.