A company is considering a 8-year project that would require a $300,000 intial cash outflow at the beginning of the project. The project is expected to generate cash inflows in the amount of $70,000 at the end of each of the 8 years. If the company requires a 12.5% return on investment, what is the NPV for the project?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.