A retailer is looking to expand operations at all of their stores for an initial investment of $680. This investment wil

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A retailer is looking to expand operations at all of theirstores for an initial investment of $680. This investment will bedepreciated on a straight line basis over the project's 8 yearlife. The expansion is expected to produce annual cash inflows of$590 in consecutive years over the life of the project beginningone year from today, while also producing annual cash outflows of$390 in consecutive years over the life of the project, alsobeginning one year from today. What is the project's NPV if thecorporate tax rate is 38% and the project's required rate of returnis 12%?
$
Place your answer in dollars and cents without the use of adollar sign or a comma. If applicable, negative values should beentered with a minus sign in front of the number. Work all analysisout using at least 4 decimal places of accuracy.