Modern Flooring is considering a new product line. The new line would rquire $134,000 of fixed assets and net working capital of $24,000. The firm will apply a straight line depreciation to a zero salvage value over threee years. The new line is expected to produce an operationg cash flow of $35,000 the first year with that amount decreasing by 10 percent annually for two years before the new line will be discontinued. The fixed assets can be sold for $25,000 at the end of teh project and all net working capital will be recovered. What is the net present value of the new line at a discount rate of 11.5% and tax rate of 35%.