Suppose a company has proposed a new 5-year project. The project has an initial outlay of $246,000 and has expected cash flows of $36,000 in year 1, $44,000 in year 2, $54,000 in year 3, $63,000 in year 4, and $74,000 in year 5. The required rate of return is 17% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)