Dog Up! Franks is looking at a new sausage system with an installed cost of $522,600.

This cost will be depreciated straight-line to zero over the project's 7-year life, at the end of which the sausage system can be scrapped for $80,400.

The sausage system will save the firm $160,800 per year in pretax operating costs, and the system requires an initial investment in net working capital of $37,520.

If the tax rate is 35 percent and the discount rate is 15 percent, the NPV of this project is $___?

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