A real estate investor likes to flip houses. That is, he likes to buy a house at a low price and then flip or sell the house for a higher price. The investor is looking at a foreclosed house that will cost $242,779.00 today. He will invest an additional $41,563.00 in the first year of owning the house to upgrade its features. He then believes he can sell the house for $405,977.00 at the end of the second year.

What is the NPV of this investment if our investor wants to earn a 19.00% annual return on the house?

Answer format: Currency: Round to: 2 decimal places.