The Seago Company is planning to purchase $462, 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: Calculate the net present value of the proposed equipment purchase. Seago 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.)