Your boss is considering a 5-year investment project.

If the project is accepted, it would require an immediate spending of $775 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $160 in sale proceeds after taxes.

Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $158. The team also recommends immediately setting aside $47 in cash to cover any unforeseen expenses.

The required annual rate of return is 9.7%.

Calculate the Net Present Value of this proposed investment project.