A new electronic process monitor costs $$990,000.$ This cost could be depreciated at $30\%$ per year $($Class $10).$ The monitor would actually be worth $$100,000$ in five years. The new monitor would save $$460,000$ per year before taxes and operating costs. Suppose the new monitor requires us to increase net working capital by $$47,200$ when we buy it$.$ If we require a $15\%$ return, what is the NPV of the purchase? Assume a tax rate of $40\%.($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

NPV

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