Suppose a company has proposed a new 5-year project. The project has an initial outlay of $146,000 and has expected cash flows of $31,000 in year 1, $46,000 in year 2, $60,000 in year 3, $61,000 in year 4, and $72,000 in year 5. The required rate of return is 16% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)