ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $$825,800\mathrm{.}00$ work cell. Further, it will cost the firm $$57,900\mathrm{.}00$ to get the work cell delivered and installed. The work cell will be straight$-$line depreciated to zero with a $20-$year useful life. The project will require new employees to be trained at a cost of $$57,600\mathrm{.}00.$ The project will also use a piece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $$6,500\mathrm{.}00.$ Finally, the firm will invest $$11,800\mathrm{.}00$ in net working capital to ensure the project has sufficient resources to be successful.

The project will generate annual sales of $$908,000\mathrm{.}00$ with expenses estimated at $37\mathrm{.}00\%$ of sales. Net working capital will be held constant throughout the project. The tax rate is $36\mathrm{.}00\%.$

The work cell is estimated to have a market value of $$488,000\mathrm{.}00$ at the end of the fourth year. The firm expects to reclaim $86\mathrm{.}00\%$ of the final NWC position.

The cost of capital is $14\mathrm{.}00\%.$

What is the NPV the project if we end the project after $4$ years?