Bing Enterprises, Inc., has been considering the purchase of a new manufacturing facility for $$284000.$ The facility is to be fully depreciated on a straight$-$line basis over seven years. It is expected to have no resale value after the seven years. Operating revenues from the facility are expected to be $$119,000,$ 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 $$44,000,$ 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 $25$ percent. Calculate the NPV of the project. Do not round intermediate calculationsand your answer in two decimal places.