Blue Angel, Inc., a private firm in the holiday gift industry, is considering a new project. The company currently has a target debt$-$equity ratio of $\mathrm{.}55,$ but the industry target debt$-$equity ratio is $\mathrm{.}50.$ The industry average beta is $1\mathrm{.}15.$ The market risk premium is $7$ percent and the risk$-$free rate is $4\mathrm{.}6$ percent. Assume all companies in this industry can issue debt at the risk$-$free rate. The corporate tax rate is $24$ percent. The project requires an initial outlay of $$830,000$ and is expected to result in a $$102,000$ cash inflow at the end of the first year. The project will be financed at the company$$s target debt$-$equity ratio. Annual cash flows from the project will grow at a constant rate of $6$ percent until the end of the fifth year and remain constant forever thereafter.

Calculate the NPV of the project.