A project will produce an operating cash flow of $$164,000$ a year for three years. The initial cash outlay for equipment will be $$305,000.$ The net aftertax salvage value of $$12,500$ will be received at the end of the project. The project require$$71,000$ of net working capital up front 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 $11$ percent?