A company is considering a project that would require purchasing an asset at a cost of $575,000. The project is expected to create cost savings if it is accepted. Assume the present value of salvage value is $30,000, present value of cost savings after-tax is $470,000, and PVCCATS is $125,000. What is the project's net present value?

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.