The Marigold Company is planning to purchase $452,000 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			$212,000
2			142,000
3			123,000
4			52,100
5			66,100
6			47,900
7			46,900
Total			$690,000

Calculate the net present value of the proposed equipment purchase. Marigold 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.)