i-Brew Inc. is thinking of starting a new line of coffee business: coffee trucks will deliver coffee from popular brands to customers' doors and customize coffee flavor right there. The company estimates that it will cost $497,000 to immediately invest into new delivery vehicles and coffee brewing machines. The estimated operating cash flow will equal $162,000 per year. At the end of Year 3 this pilot coffee delivery project will be over, at which time all used vehicles and equipment will be sold at the after-tax salvage value of $240,000. The company also plans to immediately set aside $32,000 in cash which will be increased by $20,000 each year and recovered at the end of the project. Calculate the Net Present Value of the project if the appropriate discount rate is 13%.