A 5-yr project has an initial requirement of $145,226 for new equipment and $9,294 for net working capital. The fixed assets will be depreciated to a zero book value over 5 years and have an estimated salvage value of $27,669. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $51,222. The cost of capital is 9% and the tax rate is 27%. What is the net present value of the project?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.