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Suppose a company has proposed a new 5-year project. The project has an initial outlay of $162,000 and has expected cash flows of $33,000 in

Suppose a company has proposed a new 5-year project. The project has an initial outlay of $162,000 and has expected cash flows of $33,000 in year 1, $48,000 in year 2, $59,000 in year 3, $65,000 in year 4, and $74,000 in year 5. The required rate of return is 10% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)

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