$9)$ HMG Sports Medicine LLC$.$ purchased a computerized measuring device two years ago for $$64,000.$ The equipment falls into the five$-$year category for MACRS depreciation and can currently be sold for $$27,400.$ A new piece of equipment will cost $$177,000.$ It also falls into the five$-$year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years.

Year Cash Savings

$1$ $$45,302$

$252,823$

$339,453$

$449,876$

$551,560$

$646,285$

The firm$$s tax rate is $26$ percent and the cost of capital is $11$ percent. What is the NPV$?$