Use the following information for the remaining questions:

Beta Corporation is thinking about investing in a new piece of equipment at a total cost of $300,000. The project will last five years at which time the equipment will be worthless. His financial analyst has determined the following positive net income will result from this investment (NOTE: THIS IS NOT CASH!):

Year	Net Income
1	32,500
2	45,000
3	28,000
4	38,000
5	34,000

Beta uses a WACC of 6.5% to evaluate projects of this nature.

Find the following (show your work):

NPV = ___________ % (round to x.xx)