A project has an initial requirement of $160,231 for new equipment and $9,432 for net working capital. The installation costs are expected to be $14,175. The fixed assets will be depreciated to a zero book value over the 4-year life of the project and have an estimated salvage value of $122,401. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $95,164 and the cost of capital is 14% What is the project's NPV if the tax rate is 26%.