A firm undertakes a five-year project that requires an initial capital investment of $200,000. The project is then expected to provide cash flow of $50,000 per year for the first two years, $85,000 in the third year, $40,000 in the fourth year, and $20,000 in the fifth year. The project has an after-tax end-of-life salvage value in the fifth year of $5,000.

If the discount rate applied to these cash flows is 8.00 percent, to the nearest dollar, the net present value of this project is $ ?