The Flint Company is planning to purchase $ 453,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment:

Year		Projected Cash Flows
1			$ 235,000
2			130,000
3			116,000
4			53,000
5			60,800
6			40,000
7			49,500
Total			$ 684,300

Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flint uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.)

Net present value

$ enter the net present value in dollars rounded to 0 decimal places