Mattice Corporation is considering investing $770,000 in a project. The life of the project would be 11 years. The project would require additional working capital of $27,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $164,000. The salvage value of the assets used in the project would be $37,000. The company uses a discount rate of 18%. (Ignore income taxes.)

Required: Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)