Tech Enterprises is considering a new project that will require an initial investment of $255,000 for fixed assets, $16,000 for inventory, and $35,000 for accounts receivable. Short-term debt is expected to increase by $100,000. The project has a life of 5 years. The fixed assets will be depreciated straight-line to a zero book value over three years. The firm expects that at the end of year 3 an additional investment into fixed assets of $120,000 will be required. These new assets will again be depreciated straight line to zero over three years. At the end of the project, the firm expects to be able to sell the remaining fixed assets for $115,000. The project is expected to generate annual sales of $544,000 with costs of $430,000. The tax rate is 21 percent and the required rate of return is 15 percent. What is the net present value of this project?