Lakeside Winery is considering expanding its wine-making operations. The expansion will require new equipment costing $643,897 that would be depreciated on a straight-line basis to a zero balance over the four-year life of the project. The estimated salvage value is $184,601. The project requires $38,305 initially for net working capital, all of which will be recovered at the end of the project. The projected operating cash flow is $201,835 a year. What is the net present value of this project (in $) if the relevant discount rate is 15.55 percent and the tax rate is 31 percent? Answer to three decimals