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Lord Zipacna's new project has an initial requirement of $291,000 for fixed assets and $65,000 for net working capital. The fixed assets will be depreciated

Lord Zipacna's new project has an initial requirement of $291,000 for fixed assets and $65,000 for net working capital. The fixed assets will be depreciated to a zero book value over the 5-year life of the project and have an estimated salvage value of $164,000. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $332,000 and the discount rate is 14.9 percent. What is the project's net present value if the tax rate is 34.1 percent?

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