Building Inc. is considering a new project. They forecast annual cash flows of $$350,000$ from this project over seven years. This will require an initial investment of $$1,100,000.$ The equipment is on a ten year straight line depreciation schedule. Additionally, this project will cannibalize existing cash flows by an estimated $$120,000$ per year for $5$ years. They can liquidate the equipment for $$600,000$ after seven years. The firm's cost of capital is $9\%$ and their tax rate is $25\%.$ Calculate the NPV of this project.