STM Inc. is considering a 4-year project with an initial cost of $550,604. The project will not directly produce sales but will reduce operating costs by $261,417 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project, the equipment will be sold for an estimated $67,117. The tax rate is 32%. The project will require $34,782 in extra inventory for spare parts and accessories. STM requires a 8% rate of return. What is the NPV of the project? Round your response to the nearest dollar and input without the $ sign.