Eggz, Inc., is considering the purchase ofnew equipment that will allow the company to collect loose hen feathers for sale. Theequipment will cost $500,000 and will be eligible for 100 percent bonus depreciation.The equipment can be sold for $90,000 at the end of the project in 5 years. Saleswould be $335,000 per year, with annual fixed costs of $62,000 and variable costsequal to 37 percent of sales. The project would require an investment of $55,000 inNWC that would be returned at the end of the project. The tax rate is 25 percent andthe required return is 10 percent.

Calculate the NPV of this project.(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)