Franco is considering the purchase of new equipment. To begin the project, the equipment costs $320,000, and an additional $130,000 is needed to install it. An inventory investment cost of $74,000 is also required for the project. The equipment will be depreciated straight-line to zero over a five-year life. The equipment will generate additional annual revenues of $280,000, and it will have annual cash operating expenses of $87,000. The equipment will be sold for $80,000 after five years. Franco is in the 30 percent tax bracket and its cost of capital is 12 percent. What is the NPV of this project? Can this be solved on financial calculator?