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Noble Tech is considering the following project. The estimated cost of the project in the current year is $ 6 9 8 , 0 0

Noble Tech is considering the following project. The estimated cost of the project in the current year is $698,000. The project is expected to generate cash flows in the amount of $397,000 in the first and second year, followed by $388,000 in year 3 through year 5. No cash flow is expected after year 5. The company uses a discount rate of 12% for similar projects. Calculate the NPV of this project. (Round your answer to the nearest dollar).
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