Dog Up! Franks is looking at a new sausage system with an installed cost of $171,600. This cost will be depreciated straight-line to zero over the project's 4-year life, at the end of which the sausage system can be scrapped for $26,400. The sausage system will save the firm $52,800 per year in pretax operating costs, and the system requires an initial investment in net working capital of $12,320.

If the tax rate is 21 percent and the discount rate is 9 percent, what is the NPV of this project?