Denny Associates has been offered a four-year contract to supply the computing requirements for a local bank. > Cash flow information Cost of computer equipment Working capital required Upgrading of equipment in 2 years Salvage value of equipment in 4 years Annual net cash inflow The working capital would be released at the end of the contract. Denny Associates requires a 14% return. $ 250,000 20,000 90,000 10,000 120,000 What is the net present value of the contract with the local bank? Ans: