A project has an initial requirement of $$310,000$ for fixed assets and $$62,000$for net working capital. The fixed assets will be depreciated to a zero book value over the $3-$yearlife of the project and have an estimated salvage value of $$155,000.$ All of the net workingcapital will be recouped at the end of the project. The annual operating cash flow is $$345,000$and the discount rate is $18$ percent. What is the project's net present value if the tax rate is $34$percent?