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 $533,000 to immediately invest into new delivery vehicles and coffee brewing machines. The estimated operating cash flow will equal $169,000 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 $206,000. The company also plans to immediately set aside $34,000 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 8%. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "$" in your answer.)