Juliar Inc. has provided the following data concerning a proposed investment project:

Initial investment	$	320,000
Life of the project		14 years
Annual net cash inflows	$	49,000
Salvage value	$	39,000
The company uses a discount rate of 11%. Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. Required: Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.)