You are deciding whether or not to upgrade some of your firm's equipment. The current gear produces $534.6 in profit per year per unit, and the new gear is expected to produce $921.29 in profit per year per unit. The upgrade would cost $3,785 per unit. If the discount rate is 11.5% and the equipment is expected to operate indefinitely, what is the net present value of upgrading one unit of equipment? Round to the nearest penny