Vaughn Company has the following information about a potential capital investment: Initial investment $ 420,000 Annual cash inflow $ 87,000 Expected life 9 years Cost of capital 14%

1. Calculate the net present value of this project. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar.)