A project Nirrti is considering needs an initial cash outlay of $722,000 for equipment. She anticipates to spend an additional $67,000 in the first year to cover costs as the project will produce negligible cash inflows for that year. Throughout years 2 through 6, she anticipates to receive cash inflows of $331,000 a year. Find out the net present value of this project at a discount rate of 17.1 percent?