2. ZZZ Corporation has provided the following data concerning an investment project that it is considering:

Initial investment	$	520,000
Annual cash flow	$	210,000	per year
Salvage value at the end of the project	$	20,000
Expected life of the project		3	years
Discount rate		10	%

The present value of $1 factors at 10% for year 1, year 2, and year 3 are: .909 .826 .751

What is the net present value of the project? _____________________ Is it a positive or negative number? ___________________