Dog Up! Franks is looking at a new sausage system with an installed cost of $429,000. This cost will be depreciated straight-line to zero over the project's 6-year life, at the end of which the sausage system can be scrapped for $66,000. The sausage system will save the firm $132,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $30,800.

If the tax rate is 23 percent and the discount rate is 9 percent, what is the NPV of this project?