Adidas is looking at an investment that has a beta of $1\mathrm{.}18.$ The investment would require an initial cash

outflow of $$70,716$ today. Adidas expects future CFs of $$17,679$ per year for the next $6$ years. If the

risk free rate of return is $3\mathrm{.}2\%$ and the market risk premium is $7\mathrm{.}7\%,$ what is the NP of this investment?

The NPV of the investment is $

$($Round to the nearest cent.$)$