A company is considering a 2-year project with the following cash flows:

• Initial investment: $1100
• Cash inflow, year 1: $680
• Cash inflow, year 2: $890
• Salvage value, year 2: $280

The company uses straight-line depreciation to depreciate the initial investment cost. In other words, annual depreciation is (initial investment - salvage value)/2. The company's discount rate is 11%.

What is the Net Present Value of this project?

(Use the present values tables above for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar.)