What is the after-tax net present value of a project costing $588000 that Plud Corporation can invest in if the project has the following estimated revenues and expenses? (For calculation purpose, round factor values to 3 decimal places.)
| Initial cost |
$588000 |
| Revenue |
2030000 |
| Expenses |
1454000 |
| Revenue |
1830000 |
| Expenses |
1256000 |
Plud uses an 8 percent discount rate for evaluation and expects a 34 percent marginal tax rate in the relevant years.