Metro Car Washes, Inc. is reviewing an investment proposal. The initial cost as well as the estimate of the book value of the investment at the end of each year, the net after-tax cash flows for each year, and the net income for each year are presented in the following schedule. The salvage value of the investment at the end of each year is equal to its book value. There would be no salvage value at the end of the investments life.

Year	Initial Cost and Book Value	Annual Net After-Tax Cash Flows	Annual Net Income
0	225000
1	150000	101000	26000
2	90000	88000	28000
3	45000	75000	30000
4	15000	62000	32000
5	0	49000	34000

Compute the proposals net present value