Toronto Skates Corp. is considering a five-year project that requires an initial investment of $250,000. The project is expected to generate operating incomes of $60,000 in year 1, $90,000 in year 2, $150,000 in year 3, $100,000 in year 4, and $80,000 in year 5. The asset belongs to asset class 7, which has a CCA rate of 15%. The firms marginal tax rate is 35% and cost of capital is 10%. Ignoring CCA, what is the present value