Andronicus Corporation $($AC$)$ has the following jumbled information about an investment proposal:

Revenues in each of years $14=$ $$34,000$

Year $0$ initial investment $=$ $$54,000$

Inventory level $=$ $$17,000$ in year $1,$ $$18,900$ in year $2,$ and $$12,000$ in year $3$

Production costs $=$ $$11,200$ in each of years $14$

Salvage value $=$ $$13,400$ in year $4$

Depreciation $=100\%$ immediate bonus depreciation

Tax rate $=21\%$

There is an additional $6-$month lag for all cash flows after year $0.$ For example, customers pay consistently with a $6-$month lag, as AC does for production costs, taxes, etc.

Draw up a set of cash flow forecasts as in Table $6\mathrm{.}4.$ If the cost of capital is $10\%,$ what is the project$$s NPV$?$ Assume that, if the project generates losses, those losses can be used to offset profits for tax purposes elsewhere in the business.