The Ashton Group is developing a new product line. Initial costs for the line are $98299. Annual utilities will be $34047. The company plans to concentrate on marketing for the first 2 years at a cost of $14836 per year.

Profits are anticipated to be zero for the first few years. It is estimated the product line will finally have a profit of $456756 at the end of year 5 and profits will continue to increase by 15% each subsequent year.

The new product line will require 6 employees for the first 7 years. The company will then hire 3 additional employees for the remainder of the product line lifespan.

Employees are paid an average of $57816 per year. Using a lifespan of 19 years and a nominal annual interest rate of 10% compounded annually, what is the equivalent uniform annual worth of the new product line?

Notes:

• Count the years carefully when calculating employee expense after the additional employees are hired.
• Count the years carefully when calculating the number of years of profit.

Enter your answer as 12345

Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").