Net present value: Riggs Ltd is planning to spend $650,000 on a new marketing campaign. It believes that this action will result in additional cash flows of $308,228 over the next three years. If the discount rate is 17.5 percent, the NPV is $ .

(Round your answer to 2 decimal places. All intermittent calculations should be rounded to 4 decimal places before carrying to next calculation. If the number is negative identify with a negative symbol (-).)