CC Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate Tax rate 14 308 Expected life of the project Investment required in equipment Salvage value of equipment Working capital requirement Annual sales Annual cash operating expenses One-time renovation expense in year 3 4 $ 274,000 $ 0 $ 38,500 $ 715,000 $ 531,000 $ 72,750 The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end year except for the initia company takes income taxes into account in its capital budgeting. The working capital ameequired at the beginning of the pr back to the company at the end of the project. The net present value of the project is closest to: Note: Round the final answer to the nearest dollar amount