Dog Up! Franks is looking at a new sausage system with an installed cost of $686,400. This cost will be depreciated straight-line to zero over the project's 9-year life, at the end of which the sausage system can be scrapped for $105,600. The sausage system will save the firm $211,200 per year in pretax operating costs, and the system requires an initial investment in net working capital of $49,280.

If the tax rate is 25 percent and the discount rate is 9 percent, what is the NPV of this project?