Your boss is considering a 5-year investment project.

If the project is accepted, it would require an immediate spending of $679 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $185 in sale proceeds after taxes (or after-tax salvage value).

The team recommends immediately setting aside $58 in cash to cover any unforeseen expenses.

Your boss's consulting team also estimated that the annual after-tax profits (or operating cash flows) would equal $160.

The required annual rate of return is 8.1%.

What is the Net Present Value of this proposed investment project? If your answer is negative, don't forget the minus sign!

Answer:_________________

Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places. For example, 1,000.23 or -1,000.23 Do NOT use "$" in your answer.