A new electronic process monitor costs $$990,000.$ This cost could be depreciated at $30$

percent per year $($Class $10).$ The monitor would actually be worthless in five years. The

new monitor would save $$460,000$ per year before taxes and operating costs. If we

require a $15$ percent return, what is the NPV of the purchase? Assume a tax rate of $40$

percent. $($Do not round intermediate calculations. Round your answer to $2$ decimal

places. $($e$.$g$.,32\mathrm{.}16))$

Compute NPV$,$ all the solutions already provided on chegg are incorrect.