plans to upgrade their production line to meet increasing demand for their canned beverages. they are considering a project with a 20% internal rate of return, which is higher than their internal discount rate of 16%. the project does not require future cash flows for maintenace so the only cash outflow is the initial investment. the automation equipment is expected to last 8 years, but it is very specialized so it has no salvage value. each year for the 8 year life, the project would result in a cash savings (inflow) of $90,000. ignoring income taxes, what is the net present value of this project?