A company is analyzing a project with an initial cost of $150,000 and cash inflows of $70,000 in Year 1, $80,000 in Year 2, and $90,000 in Year 3. This project has the same risk level as the current company. The company uses only debt and common stock to finance its operations. The market value of equity of the company is $1 million, and the market value of debt is $0.5 million. The cost of debt is 5 percent per year, the cost of equity is 10 percent per year, and the tax rate is 21 percent. What is the projected net present value of this project?