Indiana Screen Company is evaluating the purchase of a new cutting machine. The machinery will cost $400,000 and will last for the five-year length of the project. The company will use the Modified Accelerated Cost Recovery System (MACRS) and will designate the machinery as Seven-Year Property, which has the following cost allocations: Year One 14.29%, Year Two 24.49%, Year Three 17.49%, Year Four 12.49%, Year Five 8.93%, Year Six 8.92%, Year Seven 8.93% and Year Eight 4.46%. At the end of the project the machine can be sold for $50,000. It is estimated that the first year cost savings from using the new machine will be $100,000 with that amount increasing by 4% for each year of the project. The company borrows at 4%, but it has not yet decided if it will pay cash or finance the purchase. The company will initially need supplies of $8,000 to support the equipment, with that amount decreasing $750 each year. The companys Tax Rate is 22%, while the required return for projects of this sort is 10%. What is the NPV of the project? (Round your answer to the nearest dollar)