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Micawber Chemical is considering opening a new product line. The line will require an up-front expenditure of $200,000; it is expected to yield cash profits

Micawber Chemical is considering opening a new product line. The line will require an up-front expenditure of $200,000; it is expected to yield cash profits of $15,000 at the end of the first year and $80,000 at the end of each of years 2, 3, and 4. Profits from the product are expected to yield only $50,000 at the end of year 5, after which point it will be retired. If the relevant discount rate is 12%, what is the NPV of this project?

(Round to the nearest cent and do not enter the dollar sign)

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