Your firm is looking to invest in a project that has expected cashflows of $235,939.02 in the first year, $239,949.98 in the second year, $246,188.68 in the third year, $255,790.04 in the fourth year, $261,673.21 in the fifth year and they plan to close the project at that time. To start the project there is an initial investment of $722,996.92, and salvage value is expected to be 20% of the original investment (a cash-inflow in year 5).

The firm expects to invest capital in the project which has a weighted average cost of capital (WACC) of 5.60%, what is the net present value (NPV) of the project (ignore taxes)? (Hint use NPV equation (either by hand or in excel) tolerance is 100)