Barney Inc., is looking at a new sausage system with an installed cost of $739,513. This cost will be depreciated straight-line to zero over the projects five-year life, at the end of which the sausage system can be scrapped for $54,432. The sausage system will save the firm $210,949 per year in pretax operating costs, and the system requires an initial investment in net working capital of $20,212, which will be recovered at the end of the projects life. If the tax rate is 26 percent and the discount rate is 7.58 percent, what is the NPV of this project?

[Round the final answer to the nearest cent]