Bradley Corporation's required rate of return is $14\%.$ The company has an opportunity to be the exclusive distributor of a very popular consumer item. No new equipment would be needed, but the company would have to use one$-$fourth of the space in a warehouse it owns. The warehouse cost $$235,000$ new. The warehouse is currently half$-$empty and there are no other plans to use the empty space. In addition, the company would have to invest $$107,000$ in working capital to carry inventories and accounts receivable for the new product line. The company would have the distributorship for only $5$ years. The distributorship would generate a $$24,000$ annual net cash inflow. $($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Required:

What is the net present value of the project?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.