Noble Tech is considering the following project. The estimated cost of the project in the current year is $689,000. The project is expected to generate cash flows in the amount of $328,000 in the first and second year, followed by $309,000 in year 3 through year 5. No cash flow is expected after year 5. The company uses a discount rate of 8% for similar projects. Calculate the NPV of this project. (Round your answer to the nearest dollar).