Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $58,582.00. The lathe will

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Steamboat Springs Furniture, Inc., is considering purchasing a
new finishing lathe that costs $58,582.00. The lathe will generate
revenues of $97,989.00 per year for five years. The cost of
materials and labor needed to generate these revenues will total
$49,581.00 per year, and other cash expenses will be $11,563.00 per
year. The machine is expected to sell for $9,937.00 at the end of
its five-year life and will be depreciated on a straight-line basis
over five years to zero. Steamboat Springs' marginal tax rate is
34.00 percent, and its cost of capital is 12.00 percent.
What is the NPV of the project?