Novak Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $136,000 and have an estimated useful life of 5 years. The park will sell it for $67,800 at that time. (Amusement parks need to rotate rides to keep people interested.) The ride will be expected to increase net annual cash flows by $24,700. The company's borrowing rate is 8%. Its cost of capital is 10%.

Calculate the net present value of this project to the company.