A project has an initial outlay of $2,378. The project will generate annual cash flows of $485 over the 5-year life of the project and terminal cash flows of $277 in the last year of the project. If the required rate of return on the project is 20%, what is the net present value (NPV) of the project?
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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