A project has an initial requirement of $181,444 for new equipment and $10,334 for net working capital. The installation costs to get the new equipment in working condition are 11,152. The fixed assets will be depreciated to a zero book value over the 5-year life of the project and have an estimated salvage value of $143,202. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $110,352 and the cost of capital is 17% What is the project's NPV if the tax rate is 25%?