Exercise 9-13. Pembina Fishing Company is contemplating the purchase of a new smoker. The smoker will cost $60,600 but will generate additional revenue of $38,700 per year for 6 years. Additional costs, other than depreciation will equal $11,200 per year. The smoker has an expected life of 6 years, at which time it will have no residual value. Pembina uses the straight-line method of depreciation for tax purposes. If the tax rate is 40% and the required rate of return is 13.27%, calculate the project's net present value. Enter your answers as amounts only with neither commas nor decimals ROUNDED TO THE NEAREST HUNDRED. e.g., 8599.99 is rounded to 8600 Negative NPV--do not approve the project Positive NPV-approve the project 15100
