Drake is considering a project with the following cash flows: Initial Outlay: $300,000 Year 1: $162737 Year 2: $136851 Year 3: $86645 Year 4: $109116 Year 5: $50800 The required rate of return is 8%. What is the NPV of the project? (Do not enter the $ sign or a comma in your answer. Round your answer to 2 decimal places.)