Armstrong Corporation is considering an investment opportunity with the following expected net cash inflows: Year 1, $245,000; Year 2, $320,000; Year 3, $365,000. At the end of Year 3, the residual value of the investment would be $45,000. The company uses a discount rate of 14%, and the initial investment is $325,000. Calculate the NPV of the investment. (Round intermediary calculations to the nearest dollar.) Present value of an ordinary annuity $1: 10% 12% 14% 16% 1 0.909 0.893 0.877 0.862 2 1.736 1.690 1.647 1.605 345 2.487 2.402 2.322 2.246 3.170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274 Present value of $1: 10% 12% 14% 16% The NPV of the investment is