A firm is considering a project that has the following estimated cashflows:
Increased sales to business of $160,000 for the next 5 years (starting in one year's time).
Increased costs of $20,000 for the next five years (starting in one year's time).
The initial capital expenditure required is $100,000, and salvage value at the end of 5 years is expected to be $30,000.
Cost of the feasibility study is $10,000.
If the firm is facing a discount rate of 11%, what is the NPV of this project?
Ignore taxes.