GlivCo is considering a project that would last for 2 years. The project would involve an initial investment of $385,000 for new equipment that would be sold for an expected price of $251,000 at the end of the project in 2 years. The equipment would be depreciated to zero over 5 years using straight-line depreciation. In years 1 and 2, relevant annual revenue for the project is expected to be $247,000 per year and relevant annual costs for the project are expected to be $90,000 per year. The tax rate is 40 percent and the cost of capital for the project is 12.34 percent. What is the net present value of the project?