Calculate the NPV of a machine which is bought for $$16,000,$ sold at the end of year $10$ for $$2,000,$ and produces the following cash flows: year $1)+$$$2,600$; year $2)+$$$1,950$; year $3)+$$$1,350$; year $4)+$$$1,500$; years $5$ through $10)+$$$500$ each, assume the cost of capital is

$8\%.$