A $3-$year project will cost $$350$ at the end of year $1$ and is expected to produce operating profit before depreciation and amortization $($EBITDA$)$ of $$110$ in year $1,$$$108$ in year $2,$ and $$150$ in year $3.$ Depreciation, both real and financial, will be calculated using straight$-$line depreciation over $3$ years. The cost of capital is $8\%,$ and the firm's marginal tax rate is $25\%.$ Calculate the project NPV if $100\%$ equity financing is used.

$13\mathrm{.}5$

$4\mathrm{.}1.$

$12\mathrm{.}5$

$(13\mathrm{.}8)$