A project has an initial requirement of $248634 for new equipment and $10472 for net working capital. The installation costs are expected to be $11957. The fixed assets will be depreciated to a zero book value over the 4-year life of the project and have an estimated salvage value of $71227. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $79430 and the cost of capital is 5% What is the project's NPV if the tax rate is 34%?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.