A project has an initial requirement of $59,171 for equipment. The equipment will be depreciated to a zero book value over the 5-year life of the project. The investment in net working capital will be $22,166. All of the net working capital will be recouped at the end of the 5 years. The equipment will have an estimated salvage value of $24,613. The annual operating cash flow is $52,652. The cost of capital is 10 percent. What is the project's net present value if the tax rate is 33 percent?