A project has an initial requirement of $247823 for new equipment and $12000 for net working capital. The installation costs to get the new equipment in working condition are 5361. 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 $115152. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $70132 and the cost of capital is 5% What is the project's NPV if the tax rate is 30%?