A company is considering a new venture. This venture will require the purchase of $321,000 of equipment which belongs to a CCA rate of 20%. It will also require $45,000 in inventory, and will increase accounts payable by $73,000. Expected annual sales are $625,000 with annual costs of $480,000. The project will last for five years. The company’s tax rate is 35% and the required rate of return is 14%. If the equipment is not expected to have a salvage value, what is the NPV of this project?