Plimo Limited is considering an investment in a fixed asset which costs $511,000. The asset is expected to generate cash inflows of $146,000 each year for the next four years. The company intends to sell the asset at the end of year 4 for an estimated residual value of $30,000. The asset will be depreciated straight-line over the next four years. The discount rate for the project is 12%.

Calculate the net present value, and show you answer inthousands of dollars(for example, $123,456.67 should be shown as 123).