Tanger Manufacturing Co. is considering a new inventory system that will cost $470,000. The system is expected to generate -$50,000 (negative) in year one, $315,000 in year two, $210,000 in year three, and $160,000 in year four. Tanger's required rate of return is 10%. What is the NPV of this project (to the nearest $)?

$51,902

$11,934

$25,371

$56,803