An office building is purchased with the following projected cash flows:

NOI is expected to be $$130,000$ in year $1$ with $5$ percent annual increases.

The purchase price of the property is $$720,000.$

$100\%$ equity financing is used to purchase the property

The property is sold at the end of year $4$ for $$860,000$ with selling costs of $4$ percent.

Calculate the unlevered net present value $($NPV$)$ if the required rate of return is $14$ percent. $($If the calculated NPV is negative, report it as negative$)$