Shelton Tax Services is considering investing in new software for their corporate tax business. The investment will require an outlay of $350,000 initially, and is expected to generate the following after-tax cash flows: Year 1, $60,000; Year 2, $80,000; Year 3, $105,000; Year 4, $120,000; Year 5, $145,000. Shelton uses a discount rate of 10%.

What is the Net Present Value of the proposed investment? (Use the tables in Appendix A to determine the appropriate discount factor and round your final answer to the nearest dollar.)