Tall Trees, Inc. is using the net present value (NPV) when evaluating projects. You have to find the NPV for the company’s project, assuming the company’s cost of capital is 12.46 percent. The initial outlay for the project is $482,564. The project will produce the following after-tax cash inflows of
Year 1: 180,056
Year 2: 33,222
Year 3: 3,931
Year 4: 167,835
Round the answer to two decimal places.