Mester Corporation has provided the following information concerning a capital budgeting project: 9 15% 35% After-tax discount rate Tax rate Expected life of the project Investment required in equipment Salvage value of equipment Annual sales Annual cash operating expenses One-time renovation expense in year 3 30,000 120,000 $260,000 180,000 The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting Click here to view Exhibit 138-1 to determine the appropriate discount factoris) using table. The net present value of the project is closest to