A company is considering a project with an initial cost of $$150,000.$ The project will last for $9$ years. The project requires $$21,000$ of working capital. At the end of the $9$ years, the working capital will be released for use elsewhere and the equipment will be sold for an estimated salvage value of $$16,900.$ The project will generate annual cash fixed costs of $$16,500$ per year and straight$-$line depreciation on the equipment will be $$12,900$ per year. The project will generate an annual contribution margin of $$38,000$ per year. The company's discount rate is $8\%.$