Freedom Link Inc. is considering three long-term capital investment proposals. Relevant data on each project are as follows: Project Calculator Project Desktop Project Laptop Capital Investment $140,000 $170,000 $180,000 Net annual cash flow: Year 

1 $37,000 $46,500 $57,000 

2 37,000 46,000 53,000 

3 37,000 45,000 52,000 

4 37,000 42,000 47,000 

5 37,000 40,000 46,000 T

otal $185,000 $219,500 $255,000 

The company's required rate of return is the company's cost of capital, which is 12%. The net present value (NPV) for Project Calculator is?