CrochetCo is considering an investment in a project which would require an initial outlay of $311608 and produce expected cash flows in years 1 through 5 of $86062 per year. You have determined that the current after-tax cost of the firm's capital (required rate of return) for each source of financing is as follows:

Source of Capital	Cost	Weight
Long-Term Debt	5%	48%
Preferred Stock	9%	16%
Common Stock	11%	36%

What is the net present value of this project?