A project will produce an operating cash flow of $$14,600$ a year for $7$ years. The initial fixed asset investment in the project will be $$53,260.$ The net after$-$tax salvage value is estimated at $$13,137$ and will be received at the end of the last year of the project's life. The project has no impact on net working capital.

What is the net present value of the project if the required rate of return is $12$ percent?