A firm is considering a project that requires an initial investment of $$420,000.$ The life of this project is five years. Cash flows for each year are estimated as follows:

Year $1$ Year $2$ Year $3$ Year $4$ Year $5$

$$180,000$ $$220,000$ $$160,000-$$$20,000-$$$80,000$

If the cost of capital of this project is $8\%,$ what is the net present value of this project?