If Yonex Manufacturing purchases $622,000 of new equipment, they can dramatically increase production. It's estimated this purchase will improve sales by $320,000, with no increase in costs. The equipment will be depreciated straight-line to a zero book value over its 5-year life. Ignore bonus depreciation. At the end of the project, the equipment will be sold for an estimated $65,000. The company must hold an extra $89,000 of inventory during the project. What is the NPV if the discount rate is 17 percent and the tax rate is 21 percent?

OCF = $

CF0 = $

CFFinal = $

NPV = $