Tall Trees, Inc. is using the net present value (NPV) when evaluating projects. You have to find the NPV for the companys project, assuming the companys cost of capital is 11.81 percent. The initial outlay for the project is $499,040. The project will produce the following after-tax cash inflows of

Year 1: 122,797

Year 2: 38,475

Year 3: 27,686

Year 4: 159,430

Round the answer to two decimal places.