Hasbro Company is considering an investment project that will produce an operating cash flow of $415,200 a year for five years. The initial cash outlay for equipment will be $1,018,000. An aftertax salvage value of $81,440 for the equipment will be received at the end of the project. The project requires $152,700 of net working capital that will be fully recovered. What is the net present value of the project if the required rate of return is 14 percent?