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A corporate expects to receive $ 3 7 , 4 9 2 each year for 1 5 years if a particular project is undertaken. There

A corporate expects to receive $37,492 each year for 15 years if a particular project is undertaken. There will be an initial investment of $118,471. The expenses associated with the project are expected to be $7,748 per year. Assume straight-line depreciation, a 15-year useful life, and no salvage value. Use a combined state and federal 48% marginal tax rate, MARR of 8%, determine the project's after-tax net present worth.
Enter your answer as follow: 123456.78

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