Elijah Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage business. He estimates the construction of a state-of-the-art building and the purchase of necessary equipment will cost $872,000. Both the facility and the equipment will be depreciated over 12 years using the straight-line method and are expected to have zero salvage values. His required rate of return is 9% (present value factor of 7.16073). Estimated annual net income is as follows:

Revenue					$365,500
Less:
	Utility cost		$42,500
	Supplies		$10,500
	Labor		143,500
	Depreciation		72,500
	Other		41,000		310,000
Net income					$55,500

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(a)

The net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,275.)

Net present value

$enter the net present value in dollars rounded to 0 decimal places