### Assume that the discount rate and tax rate

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Flatte Restaurant is considering the purchase of a \$9,300 soufflé maker. The soufflé maker has an economic life of four years and will be fully depreciated by the straight-line method. The machine will produce 1,650 soufflés per year, with each costing \$2.10 to make and priced at \$4.90. Assume that the discount rate is 14 percent and the tax rate is 34 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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