A project under consideration will have an initial cost of $450,000 and realize yearly cash flow given in the table below:
Yr Cash Flow
1 $20,000.00
2 $50,000.00
3 $100,000.00
4 $120,000.00
5 $140,000.00
6 $70,000.00
7 $50,000.00
8 $15,000.00
If the end-of-life salvage value is $5,000, and the appropriate discount rate is 4.8%, then the net present value of the project to the nearest dollar is $_________.