Fox Hollow Franks is looking at a new system with an installed cost of $560,000. This equipment is depreciated at a rate of 20 percent per year (Class 8) over the project’s five-year life, at the end of which the sausage system can be sold for $85,000. The sausage system will save the firm $165,000 per year in pre-tax operating costs, and the system requires an initial investment in net working capital of $29,000. If the tax rate is 34 percent and the discount rate is 10 percent, what is the NPV of this project?