Jane Sumners has just inherited $600,000 from her aunt's estate. She is considering investing part of these funds in a small catering business. She would need to purchase a delivery van and other equipment costing $100,000. She would also have to invest $50,000 in working capital which would be returned at the end of the project. Marketing studies indicate the annual cash inflow after expenses should be $36,000 per year. Jane wishes to operate the business for six years. At that time she believes both the van and equipment could be sold at 10% of the original cost. Jane's wants a rate of return of 16%. Calculate the net present value of this project. (8 pts)