A project will produce an operating cash flow of $$458,000$ a year for four years. The initial cash

outlay for equipment will be $$1,130,000.$ The net aftertax salvage value of $$102,000$ will be

received at the end of the project. The project requires $$136,000$ of net working capital that

will be fully recovered when the project ends. What is the net present value of the project if

the required rate of return is $16$ percent?