Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:

Project Soup

Project Nuts

Initial investment	$520,000	$715,000
Annual net income	28,000	38,000
Net annual cash inflow	95,300	142,000
Estimated useful life	10 years	15 years

Salvage value

$15,000

$25,000

The company requires a 9% rate of return on all new investments.

The net present value for Project Soup is