Bing Enterprises, Inc., has been considering the purchase of a new manufacturing facility for $$276,000.$ The facility is to be fully depreciated on a straight$-$line basis over seven years. It is expected to have no resale value after the seven years. Operating revenues from the facility are expected to be $$111,000,$ in nominal terms, at the end of the first year. The revenues are expected to increase at the inflation rate of $4$ percent. Production costs at the end of the first year will be $$36,000,$ in nominal terms, and they are expected to increase at $5$ percent per year. The real discount rate is $7$ percent. The corporate tax rate is $21$ percent.

Calculate the NPV of the project. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV