A project has an initial outlay of $1,593. The project will generate annual cash flows of $736 over the 5-year life of the project and terminal cash flows of $302 in the last year of the project. If the required rate of return on the project is 3%, what is the net present value (NPV) of the project? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box