Suppose a company has proposed a new 4 year project. The project has an initial outlay of 523,000 and has expected cash flows of 56,000 in year 1. $9.000 in year 2.511.000 in year 3 , and $14,000 in year 4 . The required rate of return is 13% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)