calculate the net present value $($NPV$)$ of a transaction where you purchase a business for

$$465,000.$ You anticipate selling the business in $10$ years for $$525,000.$ You anticipate

the business will have net profit of $$60,000$ in year one and it will grow steadily by $3\%$

annually. You require an $8\%$ return on your investment $($discount rate$).$