A project has an initial requirement of $86,120 for equipment.The equipment will be depreciated to a zero book value over the 5-year life of the project.The investment in net working capital will be $12,573.All of the net working capital will be recouped at the end of the 5 years.The equipment will have an estimated salvage value of $18,597. The annual operating cash flow is $54,192. The cost of capital is 13 percent. What is the projects net present value if the tax rate is 23 percent?