A project has an initial requirement of 318000 for fixed assets and 29500 for net working capital. The fixed assets will be depreciated to a zero book value over the four-year life of the project and have an estimated salvage value of 110000. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is 96200 and the discount rate is 14 percent. What is the projects net present value of the tax rate is 34 percent?