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 8%, what is the NPV of this project?

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