Question: H Corporation is considering a training program that cost $600,000. Anticipated benefits are $66,000 in the first year, $75,000 in the second year, $85,000 in the third year, and $105,000 in the fourth year. Benefits will decline 8 percent a year after the fourth year, and will end after the twelfth year. Assume these benefits are received at year-end. The effective required return is 6 percent. The net present value of this training project and is ______________.