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A five year project has an initial requirement of $230,000 for fixed assets and $80,000 for net working capital. The fixed assets will be part of the Class 8 asset pool with a CCA rate of 20%. and have an estimated salvage value of $200,000. All of the net working capital will be recouped at the end of the 5 years. The annual cash flow before taxes and amortization is $315.000 and the discount rate is 16 percent. What is the project's net present value if the tax rate is 35 percent