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Suppose a company has proposed a new 5-year project. The project has an initial outlay of $233,000 and has expected cash flows of $37,000 in

Suppose a company has proposed a new 5-year project. The project has an initial outlay of $233,000 and has expected cash flows of $37,000 in year 1, $49,000 in year 2, $52,000 in year 3, $64,000 in year 4, and $79,000 in year 5. The required rate of return is 11% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)

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