*An all equity financed project has a 5-year life and is expected to generate the following net income:

year 1: $66 year 2: $80 year 3: $85 year 4: $81 year 5: $107

The production equipment for the project was purchased at time 0 for $521 and depreciated straightline to $0 over the life of the project. The equipment is sold for $6 at the end of the project.

There is a time 0 investment in net working capital for the project of $12 and then as follows over the life of the project:

year 1: $15 year 2: $21 year 3: $18 year 4: $20 year 5: $27

All working capital accounts are zeroed out immediately at the end of the project.

The project cost of capital is 7.2%. The tax rate is 18%.

What is the NPV of the project? Give your answer to the nearest whole dollar.