BGM Corporation has a capital structure of 30 percent debt, 10 percent preferred stock, and 60 percent common stock. The pre-tax cost of debt is 8 percent, the cost of preferred is 9 percent, and the cost of common stock is 11 percent. The company's tax rate is 34 percent. The company is considering a project that is equally as risky as the overall firm. This project has initial costs RM $250,000 and cash inflows of RM 94,000 a year for three years. What is the projected net present value of this project?