Eric Sander, a manager of the Plate Division for the Marble Top Manufacturing company, has the opportunity to expand the division by investing in additional machinery costing $ 490000. He would depreciate the equipment using the straight-line method and expects it to have no residual value. It has a useful life of 7 years. The firm mandates a required rate of return of 12% on investments. Eric estimates annual net cash inflows for this investment of $ 125000 before taxes and an investment in working capital of $ 10000 that will be returned at the project's end. Calculate npv.