Dog Up! Franks is looking at a new sausage system with an installed cost of $495,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped for $73,000 . The sausage system will save the firm $149,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $30,000. The tax rate is 23 percent and the discount rate is 11 percent. What is the net present value of this project?