Majestic Mulch Corporation is planning a 12-year project that will have an initial cost of.

$942,000. During the first 4 years, there will be cash inflows of $62,000. Years 5-10 will

see cash inflows of $458,000. Years 11-12 will see cash outflows of $23,000. If the

company's required rate of return is 11.4%, determine the NPV of the project.